The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest

Answers

Answer 1

Answer:

a. Value.

Explanation:

The opportunity cost of a choice is the value of the opportunities lost.

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of a choice  is the benefits that could be derived in from another choice using the same amount of resources.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.


Related Questions

What is NOT a major purpose of orientation and socialization? A.. Contribute to the organization's bottom-line goals B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis C. Ensure that the organization's financial investment in employees pays off D. Help hire and place applicants in the best interest of the organization and individual

Answers

Answer:

B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Explanation:

Orientation in a new workplace is a term that describes a form of onboarding process which includes general or property related areas of the firm, like company standards and policies, firm culture, and job-specific aspects of responsibilities.

Also, Socialization in this regard is a form of arrangement, introduced to the values, norms, and behaviors that are required in order to be successful in the organization.

Hence, considering the available options, what is not a major purpose of orientation and socialization is option B: Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

The payments made by a firm to repurchase shares of its outstanding stock from an individual investor in an attempt to eliminate a potential unfriendly takeover attempt are referred to as:

Answers

Answer:

Greenmail

Explanation:

Greenmail is when a firm that is under the threat of a potential hostile takeover attempt buys the outstanding shares of the individual that is posing the hostile takeover threat. this purchase is usually at a premium to market price.

Ellen, a manager at a marketing firm, noticed that one of her subordinates, who is usually good-natured, has been moody, irritable, and disorganized lately. The subordinate has refused Ellen's suggestions to take a few personal days. Such symptoms are most likely an indication that the subordinate is experiencing ________.

a. depression
b. burnout
c. insomnia
d. occupational disease

Answers

Answer:

b. burnout

Explanation:

-Depression  is an illness that makes people feel sad and without interest in performing activities that they used to do.

-Burnout  is when a person is really tired because of a lot of stress and the person feels exhausted, overwhelmed, unmotivated and with a negative attitude.

-Insomnia  is when a person has a problem to fall sleep and people feel that they are not able to rest.

-Occupational disease is an illness that is caused by the conditions in your job.

According to this, the answer is that such symptoms are most likely an indication that the subordinate is experiencing burnout because it appears when a person has a lot of stress which results in being in a bad mood, unmotivated and the person neglects the job.

The local florist advertises a discount on arrangements during the month of April because the anniversary of the store's opening is in April. This is an example of special-event pricing.

a. True
b. False

Answers

True. Have a nice day

The approach to quality management which advocated the need for quality control and provided the foundations for statistical sampling in quality control is the contribution of:

Answers

Answer:

Walter Shewart

Explanation:

Most modern control measures that give priority to quality control and statistical sampling in quality control can be traced to Walter Shewart .

Walter Shewart , nicknamed the grandfather of Total Quality Management developed a statistical process control approach to quality management to aid managers in making an efficient ,effective and economical decision.

In respect to statistical sampling and analysis , he developed the Shewart  learning and improvement cycle combining creative management thinking and with statistical analysis.

A store that advertises a buy one get one free sale is

Answers

Answer:

BOGO

Explanation:

i looked it up on Google

Buy one get one free is known as BOGO hopefully that is what your asking if not write back so we can figure it out together!

In the book, Service America, there are two basic kinds of service. One is "Help Me" and the other is "_____________".

Answers

Answer: Fix it

Explanation:

Service America is a book that does how business can be done in America and is still regarded as a classic, the book showed the importance of the service management and how it'll affect the economy.

In the book, Service America, there are two basic kinds of service. One is "Help Me" and the other is Fix it.

An employee earns $5,750 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $208 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $176 and contributes $88 to a retirement plan each month. What is the amount of net pay for the employee for the month of January? a. $5,207.b. 53.c. $5,296.70.d. $5,158.32.e. $4,826.22.f. $4,875.42.

Answers

Answer:

$4838.5

Explanation:

We can calculate the amount of net pay for the employee for the month of January by deducting all the monthly expenses from the employee's monthly salary which is $5,750.

Wages Per Month                                 $5,750

Less:

Federal Income Taxes Withheld         $208

FICA Social Security                             $356.5

FICA Medicare                                      $83

Health Insurance                                  $176

Retirement Plan                                 $88

Net Pay for the employee                 $4838.5

Woeking

FICA(social security) = 5,750 x 6.2% = 356.5

FICA(Medicare) = 5750 x 1,45% = 83

If Julie spends the weekend working, should she later initiate an executive discussion of the bank’s espoused values and principles in regard to issues of work–life balance for their employees? Support your position.

Answers

Answer:

Yes she should.

Explanation:

Julie should initiate an executive discussion of the bank's values and principles that support issues of work life because according to the above scenario, she has been at work during weekends hence does not have time for her family. While everyone knows that family comes first, the issue of work life balance must be taken seriously because asides the time for annual vacation, the only other time she has for her family is on weekends.

Julie should inform them of how hardworking she has been and working on weekends means she will no longer have time for her family hence could drift them apart. Also, she should explain how she value her life hence needed to also rest on weekends. Where all of theses discussions are not acceptable by the management or they rather insisted she works on weekends, then she might have to call it quit, which shows that the management does not stay true to their commitment on issues of work life balance for their employees.

Analysis is about modeling ___ the system should do. Design is about modeling ___ that behavior may be implemented.

Answers

Answer:

a)What

b)How

Explanation:

Analysis is about modeling what the system should do. Design is about modeling how that behavior may be implemented.

Analysis ask the question what so that it will be easier to break down what we want to do into various unit in order to have good conclusion. It should be noted that an analysis could be statistical in nature which is very common among various types of analysis.

Design on the other hand, is about modeling how that behavior may be implemented. This is very crucial because it will be easier to gather plan, or the look of the product that the design will produced at the end of the design.

Monica, a project manager at a software firm, learns during a status report meeting that a difference exists between the baseline scope and the actual project performance. What does Monica need to do next?

Answers

Answer:

Analyze the variance

Explanation:

In a situation like this, it is expected that the project manager identifies the differences or variance which exists between the baseline scope and actual project performance. It is however when the variance has been analyzed, then the project manager can conclude whether a change in scope is needed or not.

Hence, in this case, what Monica need to do next is to ANALYSE THE VARIANCE

When some countries increase their imports as a result of worldwide economic growth, other countries must be increasing their:___________

Answers

Answer:

exports as demand in all countries substantially rises.

Megan is writing a marketing plan and is trying to communicate that her company has the benefits that the target market will value. She is working on which section of the marketing plan

Answers

Answer:

Positioning

Explanation:

Businesses, firms always device a means to ensuring that their brands are registered in the minds of prospective customers. This is called positioning in marketing plan section. Here, a firm would try to influence positively the opinions of the target market about their products when compared with what competitors offers.

Positioning helps to create a unique identity about a product or brand in the minds of the customers. An example is when a firm that manufactures electronics create a unique identity about its product by branding it as the latest and most innovative unlike what its competitors offers.

GameStop sells only video games and systems, offering a narrow product line with a deep assortment within that line. GameStop is a(n) ________.

Answers

Answer: specialty store

Explanation:

Specialty store is a store that concentrate on collection of brands within a particular category of products. They focus on specific product retail. Examples are book selling shops, game stores, furniture stores.

Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $23,000 worth of Lawson Products stock. Lawson has 1,300 shares of stock outstanding at a price of $15 a share. Aardvark has 1,900 shares outstanding with a market value of $18 a share. The incremental value of the acquisition is $3,400. What is the value of Lawson Products after the merger

Answers

Answer:

$57,100

Explanation:

Aardvak enterprises has agreed to be exchanged by Lawson's products

The exchange is $23,000 worth of Lawson's product stock

Lawson's has an 1,300 shares as outstanding at a price of $15 per share

Aardvak has 1,900 shares outstanding with a market value of $18 per share

The incremental value of the acquisition is $3,400

Therefore, the value of Lawson's product after the merger can be calculated as follows

= (1,300 × $15) + (1,900×$18 )+ $3,400

= $19,500+$34,200+$3,400

= $57,100

Hence the value of Lawson's product after the merger is $57,100

As part of understanding your client's needs, you should find out what their sales tax requirements are for their business and locality. What information is needed to set up sales tax in QuickBooks Online for a client who only does business in their home state? Select the 4 options you think apply. (Select all that apply)

Answers

What are possible answers? I’d love to help!!

A company purchased a 12 month insurance policy on October 1 for $1,200. On the December 31 annual financial statements, ______.

Answers

Answer:

$300 is reported as a expense

Explanation:

and $900 is reported as an asset hope this helps you :) god loves you :)

A company purchased a 12-month insurance policy on October 1 for $1,200. On the December 31 annual financial statements $300 is reported as an expense.

What is meant by  insurance policy?

The insurance policy is a contract, typically in standard form between the insurer and the policyholder, that identifies the claims that the insurer is required by law to pay.

Next, we take a closer look at the three most important insurance subcategories: life, liability, and property.

Insurance coverage is the amount of risk, responsibility, or potential loss that an insurance policy covers. It helps consumers make up for financial losses caused by unexpected occurrences like car accidents, property damage, or unforeseen medical issues.

Thus, $300 is reported as an expense.

For more details about  insurance policy, click here:

https://brainly.com/question/17479291

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ABC Company estimates total overhead costs to be $1,200,000 and will apply overhead to units produced based on 200,000 estimated machine hours. During the year ABC Company incurred actual overhead costs of $1,250,000 and achieved 250,000 machine hours. ABC Company's predetermined overhead rate is:

Answers

Answer:

$6 per machine hour

Explanation:

Predetermined overhead rate=Estimated total overhead/Estimated machine hours

Predetermined overhead rate = $1,200,000 / 200,000 hours  

Predetermined overhead rate = $6 per machine hour.

Thus, the predetermined overhead rate is $6 per machine hour

Promotion tends to a. overemphasize physiological and safety needs. b. capitalize on existing needs. c. avoid focusing on people's needs. d. create needs. e. be overly focused on the self-actualization needs. 1 points QUESTION 41

Answers

Answer:

b. capitalize on existing needs

Explanation:

The promotion is the marketing strategy in which the firm promotes its products via advertising through social sites, television, radio, newspaper, etc

so that it can create awareness among the people

Here the promotion tends to capitalize on the needs i.e existed in nature

Therefore the same is to be considered and all other options are incorrect

How will the price and output of an unregulated monopolist compare with the ideal levels that might be reached if the market was competitive

Answers

Answer:

The correct answer is "The output of the monopolist will be smaller and the price higher".

Explanation:

Along with every other company, an unregulated monopolist tries to determine the optimal number of price/production which might maximize its income. To do the same, demand must be increased so that marginal income, or increased income from either the selling of one individual bonus, is equivalent to its marginal costs, or perhaps the increased expense through one increased selling.

The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the:

Answers

Answer:

Going concern assumption

Explanation:

The going concern principle is the assumption that an entity will remain in business for the foreseeable future.

This assumption holds in the absence of significant information to the contrary such as inability to meet obligations as they fall due

When businesses form voluntary, collaborative partnerships with environmental organizations and regulators to achieve specific objectives this is called:

Answers

Answer: Environmental partnerships.

Explanation:

It is important to understand that for most and all business to thrive there have to be an enabling environment for that to happen. Environment play a key or major role to the growth of any business and as such most business pay keen attention to their environment and do every means to ensure it is vulnerable for them to operate well. The partnership between organizations and seeking a operational environment to do their business is known as environmental partnership.

A concentrated targeting strategy differs from an undifferentiated targeting strategy in that a concentrated targeting strategy: a. reduces the production and marketing costs of a firm. b. views the market as one big market with no individual segments. c. results in cannibalization of products. d. involves the selection of a market niche to target the marketing efforts of a firm.

Answers

Answer: d. involves the selection of a market niche to target the marketing efforts of a firm.

Explanation:

A concentrated marketing strategy is utilized when a specific segment of the market is being targeted by a company.

A concentrated targeting strategy differs from an undifferentiated targeting strategy in that a concentrated targeting strategy involves the selection of a market niche to target the marketing efforts of a firm.

An investment adviser has placed an order with the underwriter for 250,000 shares of XYZ stock, a new company that will be listed on NASDAQ. The adviser will allocate this purchase to its largest discretionary accounts. This action is a(n):

Answers

Complete Question:

An investment adviser has placed an order with the underwriter for 250,000 shares of XYZ stock, a new company that will be listed on NASDAQ. The adviser will allocate this purchase to its largest discretionary accounts. This action is a(n):

Group of answer choices

A. breach of fiduciary duty

B. front-running violation

C. fair and reasonable practice

D. insider trading violation

Answer:

breach of fiduciary duty.

Explanation:

In this scenario, an investment adviser has placed an order with the underwriter for 250,000 shares of XYZ stock, a new company that will be listed on NASDAQ. The adviser will allocate this purchase to its largest discretionary accounts. This action is a breach of fiduciary duty.

According to the Securities and Exchange Commission (SEC), if a registered investment adviser favours a client over another while allocating a block, it simply means that the registered investment adviser has violated his or her fiduciary duty to the other customers who were denied a piece of the block.

McDonald's serves McRice Burger in Malaysia, McOZ Burger in Australia, Kiwi Burger in New Zealand, McHuevo Burger in Uruguay and McSamurai Burger in Thailand. These menu variations are examples of a:

Answers

The question is incomplete:

McDonald's serves McRice Burger in Malaysia, McOZ Burger in Australia, Kiwi Burger in New Zealand, McHuevo Burger in Uruguay and McSamurai Burger in Thailand. These menu variations are examples of a:

a. A combination of global and local marketing mix elements

b. a selection of menu items that can be sold eventually in U.S. markets

c. A replacement of standard menu names with fancy names

d. a deviation from successful marketing practices

e. a reflection of failure of US menu items in those countries

Answer:

a. A combination of global and local marketing mix elements

Explanation:

The answer is that these menu variations are examples of a combination of global and local marketing mix elements  because the company tries to position its products on a global scale but also adjusts its strategies locally to adapt the placement and distribution to the specific characteristics of each country.

The other options are not right because McDonalds is adjusting its offer in its market to be able to establish its position in that market and not to be able to sell the items in US markets or to replace standard menu names. Also, this is the result of analyzing how to better position in a new market and not a failure of US menu items in those countries.

Answer:

A combination of global and local marketing mix elements

Explanation:

If the required reserve ratio is 10% and the Fed buys $5 billion worth of securities, then the maximum potential change in the money supply will be a(n):

Answers

Answer:

increase in money supply by $50 billion

Explanation:

required reserve ratio is the ratio of deposits that banks must keep with the central bank as reserves.

If the FED buys securities money supply would increase.

change in money supply = amount / required reserve ratio

= $5 billion / 0.1 = $50 billion

On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's investment is $10,000. Monroe's net investment is also $10,000, but it is comprised of cash ($15,000) and a note payable reflecting a bank loan for the new business ($5,000).

Required:
Record both investments in a single compound journal entry by selecting the account names and dollar amounts from the drop-down menus.

Answers

Answer and Explanation:

The journal entry is shown below:

Cash    Dr $25,000

           To Note payable   $5,000

          To Selleck Cap   $10,000

          To Monroe Cap $10,000

(Being the both investments are recorded)

Here we debited the cash as it increased the assets by $25,000 and credited the notes payable, Selleck, and the Monroe capital as it increased the liabilities and the stock holder equity

In Texas, the state and local governments can both levy sales taxes. These general state and local sales taxes can combine to reach a rate of _________ percent.

Answers

Answer:

8.25

Explanation:

The answer is that these general state and local sales taxes can combine to reach a rate of 8.25 percent because the state has a sales tax rate of 6.25% but the local jurisdictions can also establish a sales tax rate that can be up to 2% and when they are combined, you have a maximum of 8.25%.

Windsor Co. incurs $1110375 of overhead costs each year in its three main departments, machining ($630000), inspections ($315000) and packing ($165375). The machining department works 4000 hours per year, there are 600 inspections per year, and the packing department packs 1000 orders per year. Information about Windsor’s two products is as follows: Product X Product Y Machining hours 1000 3000 Inspections 100 500 Orders packed 350 650 Direct labor hours 1700 1800 If traditional costing based on direct labor hours is used, how much overhead is assigned to Product X this year?

Answers

Answer:

$539,325 is assigned to Product X this year.

Explanation:

First determine the overhead absorption rate.

overhead absorption rate = budgeted overheads ÷ budgeted labor hours

                                           = $1,110,375 ÷ (1,700 + 1,800)

                                           = $317.25 per labor hour.

Then find Overhead Assigned to Product X

Overhead Assigned to Product X = overhead absorption rate × activity

                                                        = $317.25 × 1,700

                                                        = $539,325

You think hard about how to allocate the next hour between watching football and going for a walk. You decide to spend the first 40 minutes watching football and the remaining 20 minutes going for a walk. Your decision is an example of​ _______.

Answers

Answer:

Making a choice at the margins

Explanation:

Making a choice at the margins is when you decide to do more or less of an activity instead of doing it or not and in order to make the decision you analyze the benefit and the cost of spending more time doing that specific activity. According to this, the answer is that your decision is an example of making a choice at the margins  because you decide how to spend an hour between watching football and going for a walk.

Other Questions
What might life be like if there were no rules, laws or government? The following is a student draft. It may contain errors. (1) Tent, tarp, sleeping bags, backpacks, warm clothes (for those cool mountain nights), two coolers (one with sodas for the drive), a shopping bag full of marshmallows, hotdog and hamburger buns, chipsyup, it looked like we had everything. (2) We said goodbye to my mom and sister and headed out. (3) This was going to be greatjust my dad and I hiking, canoeing, and roasting marshmallows for three whole days. (4) The sun was just coming up as we pulled onto the road. (5) The drive across the valley to Yosemite takes about three hours, and there's not much to see. (6) It's mostly just straight flat highway through mile after mile of tomato fields. (7) I told my dad that someone must like ketchup more than I do. (8) He laughed. (9) But then he reminded me that I was rather fond of spaghetti and pizza sauce. (10) I couldn't argue with that. 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