what is an opportunity cost

What Is An Opportunity Cost

Answers

Answer 1

Answer:

B

Explanation:

Opportunity cost is the valje of the next best alternative forgone when a choice is made.


Related Questions

What is NOT an aspect of agile and dynamic business processes? a) Developed to assist in incremental process improvement d) Change requires significant redesign work e) Quick to support shifting business requirements c) Allows for firms to take advantage of the newest innovations b) Relies on an advanced degree of information technologies

Answers

Answer:

d) Change requires significant redesign work

Explanation:

It is correct to say that work redesign is not an aspect of agile and dynamic business processes, as it is a process of molding work functions, which can occur gradually according to new technologies and internal and external changes of the organizational environment.

The work redesign will reorganize the work in an organization, which can be a positive point that helps the company to update itself on the best practices and work processes, but it requires constant efforts by the organization in relation to training and adaptation of employees, which can be a long process for organizations.

Mae and Joe form a partnership. Mae contributes $3,000 in cash, and Joe contributes his services. Throughout the life of the partnership, Mae also lends the partnership $1,000. Upon dissolution of the partnership, $2,500 is left in the partnership assets after all outside creditors have been paid. Absent a partnership agreement to the contrary, how should the partnership assets be distributed

Answers

Answer:

The partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.

Explanation:

Since Mae and Joe form a partnership, and Mae contributes $ 3,000 in cash, and Joe contributes his services, and throughout the life of the partnership, Mae also lends the partnership $ 1,000, and upon dissolution of the partnership, $ 2,500 is left in the partnership. assets after all outside creditors have been paid, absent a partnership agreement to the contrary, to determine how the partnership assets should be distributed the following calculation must be performed:

Joe = 3000

Mae = 1000

Joe 3: 1 Mae

2500/4 x 3 = Joe = 1875

2500/4 = Mae = 625

Therefore, the partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.

Lance has a contract with Smith to resurface a driveway at the Smith residence. Lance by mistake stops at the Jones residence and resurfaces Jones' driveway. Jones lives next door to Smith and knows that Lance is at the wrong residence. Jones, however, says nothing and watches while Lance resurfaces his driveway. Is Jones under any contractual obligation to pay Lance for resurfacing his driveway? Explain your answer.

Answers

Answer: Yes

Explanation:

Ignoring a situation you have an idea of to play out in another way has implications. Under Quasi-k, the court will implicate a contractual obligation on Mr Jones for staying idle and giving permission to Mr Lance to carry out the activity.

One significant component of _____ can be the investment a seller makes in equipment or in the hiring of skilled employees to supply the product or service to the buyer.

Answers

Answer:

Transaction cost

Explanation:

Transaction cost is defined as costs that a person bears in the process of buying or selling of a product.

For example the commission that is paid to a broker for completing a transaction, cost of transportation that is spent when completing an exchange, and time for completing the purchase are all examples of transaction cost.

In the given instance transaction cost is exemplified by the investment a seller makes in equipment or in the hiring of skilled employees to supply the product or service to the buyer.

The classical view of social responsibility is that a for-profit organization's responsibility is ________.

Answers

Answer:

to maximize profits only

Explanation:

If the organization is profit based so it mainly focused on maximizing the profits only so that there goals and objectives could be attained but at the same time they will be less focused to the social responsibility

So as per the given situation, the above should be the answer

Financial Statements of ABC Corp. indicates that ending inventory levels in 2005 and 2006 were $200,000 and $350,000 respectively. Cost of Goods sold for 2005 and 2006 were $1,900,000 and $2,200,000 respectively. Purchases in 2006 were:

Answers

Answer:

Cost of goods purchased= $2,350,000

Explanation:

Giving the following information:

Beginning inventory 2006= ending inventory 2005= $200,000

Ending inventory 2006= $350,000

COGS 2006= $2,200,000

To calculate the purchases for 2006, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

2,200,000 = 200,000 + cost of goods purchased - 350,000

2,200,000 - 200,000 + 350,000 = cost of goods purchased

cost of goods purchased= $2,350,000

The delay between registering new securities with the SEC and selling them can best be avoided by use of proxy. shelf-registration. use of a margin call. use of preemptive rights.

Answers

Answer: shelf registration

Explanation:

The delay between registering new securities with the securities exchange commission and selling them can be avoided by use of shelf-registration.

Shelf registration, is a form of public offering whereby some issuers can offer and also be able to sell their securities to the public such that a separate prospectus isn't required for each offering and also a further prospectus isn't required as well.

The main advantage of the shelf registration is that it's timely and certain such that the capital markets can be accessed even when it's required.

A mortgage with low initial payments that increase over time without ever leveling off is a graduated payment mortgage. growing-equity mortgage. second mortgage. shared-appreciation mortgage. equity line of credit

Answers

Answer:

growing-equity mortgage

Explanation:

When a person obtains a growing equity mortgage, they have to pay a higher monthly payment every month. These increases must be included in the mortgage contract and they are beneficial if the borrower's income is expected to increase in the future. The interest rate remains the same, it doesn't change.

It is generally recognized that a major objective of accounting for inventory is the proper determination of

Answers

Answer:

Net income

Explanation:

The main objective of an accounting with respect to the inventories is determining of an income via the matching principle where the revenues are matched with the expenses incurred

So as per the given situation, the net income should be considered and relevant

Therefore it is to be correct term that should be used here

Scenario: TeleToys Inc. TeleToys Inc., a U.S.-based company, recently opened eighteen new toy stores in Brazil, acquired a women's clothing company in Canada, and closed its men's clothing line in Australia. The company has a structure that organizes its global operations into geographic regions.1) Which of the following strategies should TeleToys follow if it wants buyers to perceive its products as unique?A) retrenchment strategy
B) global strategy
C) differentiation strategy
D) low-cost leadership strategy2) Which of the following features is TeleToys least likely to use in order to create a perception of having unique products?A) brand image
B) reputation for quality
C) product design
D) low cost3) TeleToys' organizational structure can best be referred to as a(n) ________ structure.A) international division
B) global product
C) global matrix
D) international area

Answers

Answer: 1. Differentiation strategy

2. Low cost

3. International area

Explanation:

1. Differentiation strategy

The strategy that TeleToys should follow if it wants buyers to perceive its products as unique is differentiation strategy. This will help in distinguishing the product from others and make it standout and have a competitive edge over others.

2. Low cost

The feature that TeleToys is least likely to use in order to create a perception of having unique products is low cost.

It should be noted that the brand image, reputation for quality and product design will give the product and edge and make it unique.

3. International area

TeleToys' organizational structure can best be referred to as an international area structure since the activities of the multinationals are organised around specific areas.

Whenever additional parties are included in payment card transaction processing, the system is called a(n) _____system.

Answers

Answer:

Open Loop

Sentence:

Whenever additional parties are included in payment card transaction processing, the system is called a(n) Open loop system.

In a pizza parlor the chain of command is a general manager, shift manager, and employees. The employees report to the shift manager who reports to the general manager. This exemplifies a ______.

Answers

Answer:

noe  ileegs

Ex

no single

Which program provides lump-sum compensation and health benefits for eligible Department of Energy nuclear weapons workers injured on the job

Answers

Answer: Energy Employees Occupational Illness Compensation Program (EECICP)

Explanation:

Much like private companies, the Federal government is also required to insure its workers and this is regulated under the Office of Workers' Compensation Programs (OWCP). There are several compensation programs but the relevant one here is the EECICP.

The EECICP is for federal employees in the Department of Energy as well as agencies related to them. This also includes contractors and subcontractors. Under this program, eligible workers who got injured are entitled to a lump-sum compensation as well as health benefits. If the worker dies as a result of the injuries however, a lump-sum might go to their survivors instead.

When making decisions, managers should consider all relevant benefits and relevant costs, which include: (Check all that apply.) Multiple select question. incremental costs. opportunity costs. historical costs. out-of-pocket costs. sunk costs.

Answers

Answer:

opportunity costs, incremental costs, out-of-pocket costs

Explanation:

The cost of the following finest possibility that is sacrificed is referred to as the opportunity cost. These are important considerations while deciding between two alternative options.The costs that the firm pays out of pocket are known as out of pocket charges. These are important considerations while making a judgment

The variation in costs between two decisions is referred to as incremental costs. All of these are important in making decisions.

Si hacemos una compra en cuenta corriente ¿ obtenemos un "descuento" en el precio de un objeto o un recargo en el mismo ?

Answers

Answer:

Un recargo, pequeño, en el mismo.

Explanation:

Una cuenta corriente es una cuenta bancaria destinada a depósitos y retiros corrientes, y la utilización de cheques a tales fines. Dado que el uso de cheques como medio de pago ha disminuido a niveles muy bajos, la emisión de cheques ha disminuido y, en ocasiones, se ha abolido por completo. Sin embargo, la cuenta corriente a nombre sobrevive en algunos casos en el habla cotidiana.

El propósito de una cuenta de transacciones es usarse para una gran cantidad de depósitos y retiros. Los términos y condiciones de la cuenta normalmente incluyen el derecho a realizar un número ilimitado de transacciones con los fondos de la cuenta sin ningún tipo de bloqueo u otras medidas de limitación de liquidez. Por otro lado, el banco normalmente ofrece tasas de interés muy bajas o nulas sobre los fondos en circulación.

Hoy en día, la cuenta de transacciones a menudo está vinculada a varias formas de soluciones de banca por Internet para permitir pagos y otras transacciones a través de la computadora del cliente del banco. El banco también suele proporcionar tarjetas de cajero automático o tarjetas de débito a particulares con cuentas de transacciones.

Assume the following for the town of Boone: it has a total population of 40,000 people, of which 1,000 are under 16 years of age or are institutionalized: 5,000 are full-time students who are not employed and are not seeking work; and 30,000 are employed. The rest of the people are out of work but have been actively seeking work within the past four weeks. What is Boone's unemployment rate?
Round your answer to 1 decimal place
__________ percent

Answers

Answer:

Unemployment rate = 0.1176 or 11.76%

Explanation:

Given total population = 40000

Blow 16 years = 1000

Full time student = 5000

Employed = 30000

Unemployed people = 40000 - 1000 - 5000 - 30000

Unemployed people = 4000

Unemployment rate = Unemployed people / (employed + unemployed)

Unemployment rate = 4000/ (30000 + 4000)

Unemployment rate = 0.1176 or 11.76%

The combination of factors particular to a time and place that do not follow from a knowledge of the stable attributes of a consumer and a stimulus and that have an effect on current consumer behavior is known as

Answers

Answer:

situational influence

Explanation:

Situational influences can be regarded as temporary conditions which has an

effect on the behavior of the buyers towards your products. These holds in case whereby the buyer actually purchase the product, do not buy the product or even purchase additional products. These conditions are influenced by factors like time factors,

factors as well as social factors and

reason why the buyer make purchase and his/her mood.

It should be noted that situational influence is the combination of factors particular to a time and place that do not follow from a knowledge of the stable attributes of a consumer and a stimulus and that have an effect on current consumer behavior.

evaluate the failure of Apple at meeting customer needs​

Answers

Answer:

lol

Explanation:

i need points

Lol same hahahahahaha

You have been working with a client for the past six months who has finally been approved by the lender and is ready to close. Two days before closing, interest rates drop and you explain to your customer that you are unable to go with a different lender at the better rate because of the standing commitment to the current lender. You also inform your client that breaking a rate with a lender is very damaging to the broker-lender relationship. After explaining the situation, your client still chooses to back out of the loan and go with a different loan officer. Your client's action in this situation is:

Answers

Answer: c. legal but unethical

Explanation:

There is nothing illegal about wanting to back out of a standing commitment to a lender especially if they have bad rates.

It is not considered ethical to do this however because a standing commitment constitutes a promise to do something which means that the other party is expecting that thing to be done. If you then break that promise, the relationship between the person who broke the promise and the affected party will take hit.

Recently Kaden switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Kaden recognizes that employees have much more respect for his expertise than he perceived at the larger firm where there were a minimum of 25 project managers. According to Maslow, which need in his hierarchy is important to Kaden

Answers

Answer: esteem

Explanation:

According to Maslow, the esteem need is important to Kaden. Esteem needs simply means the need for self esteem, respect, and self-confidence.

Esteem needs are the basis through which other people value and accept us. As individuals, if we are don't have self esteem, it can bring about inferiority complex. Esteem needs brings about confidence, social acceptance, and respect from others.

is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.

Answers

Answer:

is personally responsible for all partnership debts

Explanation:

COMPLETE QUESTION

A general partner:

is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.

EXPLANATION

A general partner can be regarded as a person that joins with another person or join with more than one other person to form a business. A general partner is responsible for the actions that is been taken in the business, He or she is liable personally for all the debts as well as obligations in the business and can bind the business legally. It should be noted that A general partner is personally responsible for all partnership debts.

WillowWorks LLC, a retail clothing store, has been sourcing its raw materials from a supplier named ThreadTym Corp. for the last five years. A change of management at ThreadTym resulted in an increase of the prices of the raw materials. As a result, WillowWorks purchases ThreadTym so that it can produce these products on its own. This scenario best illustrates ________.

Answers

Answer: backward integration

Explanation:

Backward integration refers to a scenario whereby a company purchases another company which supplies the products that are required for production.

Since WillowWorks purchases ThreadTym so that it can produce these products on its own, then this is backward integration.

__________ is a control mechanism in which organizations make sure that the right people do the right things at the right time.

Answers

The hierarchy of authority is a control mechanism in which organizations ensure that the right people do things at the right time.

What the organizational structure?

It is the set of components that make up the organizational whole, making its structure and systems aligned with its central objective. The structure is composed of three factors:

ComplexityFormalizationCentralization

Therefore, the hierarchy of authority is a part of the centralized organizational structure that will ensure that processes run correctly.

Find out more about organizational structure here:

https://brainly.com/question/2636977

#SPJ1

Which level of economic integration has no restrictions on internal trade and free flow of capital among member nations and lacks only political unity to become a political union?

Answers

Answer:

levels of economic integration has no restrictions on internal trade and free flow of capital among member nations and lacks only political unity to become a political union? A common market is a unified economy and lacks only political unity to become a political union.

Explanation:

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Foreign investors assess not only the interest rate offered on financial securities but also (check all that apply):

Answers

Answer:

their total wealth

-their future expenditure needs

-the risk on the security

Explanation:

Financial System

This simply are markets and various financial units or intermediaries that help transfer financial assets, real assets, and financial risks in various forms from one person to another, from one place to another, and from one point to another

3 Main functions of the Financial System

1.) The achievement of the purposes for which people use the financial system

2.) The discovery of the rates of return that equate aggregate savings with aggregate borrowings

3.) The allocation of capital to the best uses

An investment

This is simply defined as the current commitment of current resources in the hope of getting greater resources in the future. It reduces current consumption in hopes of greater future consumptions. When making investment, different actions are considered before decision making.

Devendra Company pays cash dividends of $600. The entry for this transaction will include a debit of $600 to

Answers

Answer:

Dividend

Explanation:

Based on the information given if the Company pays CASH DIVIDENDS of the amount of $600, the Appropriate journal entry for this transaction will include a DEBIT of $600 to DIVIDENDS

as the $600 represent CASH DIVIDEND amount paid by the company.

What is the effect of​ inflation? A. During periods of​ inflation, just about everyone can make themselves better off by specializing in their own profession rather than dabbling as amateur economists and inflation forecasters and managing their investment portfolios. B. With​ inflation, everyone loses. C. The increased uncertainty of inflation misallocates resources. D. During periods of​ inflation, investment rises and economic growth increases.

Answers

Answer:

C. The increased uncertainty of inflation misallocates resources.

Explanation:

Inflation is referred as the situation of the economy in which the prices of the goods and services gets increased to an alarming rate. The amount used to purchase those products fail to meet the purchasing power. The economy is effected drastically. Inflation creates a situation in which there arises an uncertainty regarding investment and savings. There arises situations in which the shortages of food and basic amenities are experienced during inflation.

A corporation that owns brands that offer clothing at different prices is ___________ its brands at different pricing levels.

Answers

Answer:

promoting

Explanation:

There are two types of customers in market. Bullish customers prefer to pay high amount for product just for brand name and Bearish customers prefer to get lowest possible quote for a product. It is business strategy to promote their product to both the customers.

The speaker has just made a key point. The global middle class will double in the coming years. However, this new middle class rising out of emerging economies is quite different from the current global middle class. The speaker suggests the R and D (research and development) organizations of today's companies may not be well positioned to gain this market. Which advantage of globalization does this point most directly address

Answers

Answer:

developing new competencies

Explanation:

In simple words, globalization promotes the innovation all around the world along with the promotion of its transfer from one economy to another. Due to this, the firms around the globe extend their businesses by setting their own limits. It helps the enhance their operational activities with new market and a new customer base to attract.

On June 30, 2014, Apricot Co. paid $5,000 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31, 2014,for Apricot would include:

Answers

Answer:

A debit to Management Services Expense for $1,250

Explanation:

The adjusting entry should be

Management Services Expense Dr ($5,000 ÷ 2 × 6 ÷12) $1,250

         To Cash $1,250

(being cash paid is recorded)

Here cash is debited as it increased the expense and cash is credited as it decreased the assets

Hence, the same should be considered

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