Opportunity cost is _____.

the cost of business itself
the cost of travel, entertainment and other activities that provide an opportunity for recreation
the cost of an alternative product or service that cannot be acquired because the available funds were used for another purpose
none of the above

Answers

Answer 1

Opportunity cost is the cost of an alternative product or service that cannot be acquired. Opportunity cost is frequently referred to as the second-best option.

The loss of gain that would have been realised if a different option had been chosen is sometimes product referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.

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Related Questions

A ball is thrown straight up into the air. The table shows the data collected over t seconds, where h(t) is the height of the ball, in feet.

A 2-column table with 6 rows titled Height of Ball over Time. The first column is labeled t with entries 0, 1, 2, 3, 4, 5. The second column is labeled h(t) with entries 0, 64, 96, 96, 64, 0.
Which statement is true?

The initial height of the ball is 96 feet.
The ball will hit the ground between 2 and 3 seconds after it was thrown.
The maximum height of the ball must be 96 feet.
The maximum height of the ball was reached 2.5 seconds after it was thrown

Answers

A ball is thrown instantly up into the air. The table suggests the records collected over t seconds, where h(t) is the peak of the ball, in ft. option D The maximum height of the ball became reached 2.5 seconds after it became thrown.

When a feature's slope is 0 at x, and the second derivative at x is: much less than zero, it's miles a neighborhood maximum. more than 0, it's miles a local minimum.

We are able to set the first by-product of the feature to 0 and remedy for x to get the vital point. If we take the second by-product or f''(x), then we can find out whether or not this point could be a maximum or minimum. If the second derivative is advantageous, it is going to be a minimum fee.

If we're unable to attract a graph, there are formulas you may use to discover the most. if you are given the components y = ax2 + bx + c, then you could discover the maximum price of the usage of the method max = c - (b2 / 4a). if you have the equation y = an (x-h)2 + okay and the a term is negative, then the most price is k.

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Samia works for Georgia Pacific. She manages a portfolio of industrial paper products, like paper towels,
toilet paper, and napkins. Her biggest clients are places like universities and large office buildings. Samia
works on a portfolio of

Answers

Samia works on a portfolio of Augmented Products.

An augmented product has been given extra features or services by its seller to set it apart from similar products sold by rival companies.

A product augmentation is the offering of a discount coupon for a later purchase or a refund in the event that the consumer is disappointed. An augmented product is produced when a free recipe book is given away with the purchase of a kitchen device like a crockpot.

Product augmentation is a strategy used by brands to give their customers more for their money. It implies that customers receive both the primary product and some benefits for the same price. This aids businesses in gaining a competitive edge and expanding their market share. Actually, both sides benefit from this.

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Shayla has two children age 8 and 10 Omar and darsh attended daycare after school Sheila paid $14,000 in child care expenses in 2021 her AGI is

Answers

The eligible parent may claim up to 50% of the child care expenses paid under the 2021 enhanced credit.

In the year 2021, Shyla spent $14000 on child care for her two kids.

Her Child and Dependent Care Expense Credit is worth $7000, or $14,000 multiplied by 50%.

For whom is the Child and Dependent Care Credit Available?

If you paid a person or an organization to look after a qualifying individual, you may be eligible for the child and dependent care credit. A dependent under the age of 13 (such as your child) or a dependent of any age, or your spouse who is incapable of caring for themselves and resides with you for at least half the year, qualifies as a qualifying person.

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Naomi is interested in developing stronger ties between Slate Roofing Contractor Association members in her area—such as her own company, Rule Straight Roofing—and members of the National Roofing Contractor Association in her area. Naomi is most strongly interested in developing stronger contractor standards and better professional ethics in her area. In the past, some SRCA and NRCA members in her area have clashed over politics and competition for business. If she looks at collaboration with the NRCA now, then what is the likeliest contributing factor?

Naomi doesn’t see a good way to develop common professional standards without the NRCA.
The NRCA members in Naomi’s area aren’t as conservative politically as the NRCA national leadership.
Naomi recognizes that a different roofing material focus means that the SRCA and NRCA don’t compete.
The NRCA members in Naomi’s area aren’t that strong a competitive threat for new business.

Answers

If she looks at collaboration with the NRCA now, then option that is the likeliest contributing factor is option  A: Naomi doesn’t see a good way to develop common professional standards without the NRCA.

What are  professional standards?

Professional standards ensure that we are responsible for our clinical judgments and decisions as well as for maintaining our competence over the course of our careers. They encourage the optimal outcome, put the patient first, and reduce risk of damage exposure.

Note that Professional standards outline the abilities, know-how, as well as conduct that define great practice and foster professional development.

Hence, the critical thinking approach known as the professional process, which is used to demonstrate competent work output, is described in the Standards of Practice.

Note that:

AssessmentDiagnosisOutcome identificationPlanningImplementationEvaluation are all parts of the process.

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a plan and a well-prepared assessment can bring out areas for self-growth. knowledge, skill and a positive attitude are the driving forces for a holistic development that would direct the realization of an individuals career achievement. base on the activity above consolidate your answer by listing down the skills in each column

Answers

A prepared examination may identify opportunities for self-growth, common knowledge skills, and a positive attitude that can drive holistic development and job success.

Skills like mine are:

Speaking, leading, selling, bargaining, calculating, checking, mending, inspecting, assembling, controlling, suppressing, building, and organizing.

I lack communication, data, analysis, researching, tabulating, thinking, operating, augmenting, and other talents.

What occupation suits these skills?

These qualities suggest a career in business or commerce. Entrepreneurship matches my leadership, selling, assisting, bargaining, persuading, organizing, etc.

How can you improve your job skills?

Analyzing, investigating, and tabulating are also useful talents for commercial companies. This occupation also requires social skills.

How do you get your desired job?

A degree in advanced specialization or an MBA may help accomplish a dream career in business and commerce.

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CQ

The complete Question is attached below

Why shouldn’t you cram for a skills test?

Answers

The goal of cramming is to fit a lot of material into your short-term memory in order to be prepared for an impending exam.

Briefing:-

It has been demonstrated that this raises stress levels, increases the risk of panic attacks and anxiety, and makes it far more difficult to retain knowledge. Learn here how to deal with stress effectively if you're experiencing it.

Why is it terrible to study for exams?

It should go without saying that cramming puts an excessive amount of stress on the brain and strains it beyond its capabilities. A brain that is taxed excessively and frequently experiences a rise in worry, frustration, weariness, and even bewilderment.

Does studying for an exam really work?

One of the least successful methods of learning a subject is by cramming. According to research, many students find it difficult to recollect much knowledge following a cram session. Without gaining a deeper comprehension, they have conditioned their minds to memorize the information. The learning process is harmed by this.

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Credit cards can be a powerful tool if used appropriately.
True
False

Answers

Answer:

true

Explanation:

business management theory that you identify with, incorporating real life​

Answers

Management theories are a series of thoughts that advocate common guidelines for how to control an organization or business. They tackle how supervisors put in force techniques to accomplish organizational dreams and how they inspire employees to operate at their best possible ability.

What concept can be used to give an explanation for and manage the operations of the business?

Operations/business management theory encompasses the strategies companies appoint to extend efficiency in operations and production. To function efficiently, corporations ought to use the least amount of resources needed and try to meet the customer's requirements to the perfect feasible standard.

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Employees who are part of the chain of command that is responsible for achieving organizational goals.

Answers

Employees who are part of the chain of command that is responsible for Line managers (personnel). The first level of organizational management above the front-line employees is a line manager. They are responsible for their division or area of the company.

They oversee and assess each employee's contribution, performance, and development when managing one or more employees. An employee who directly oversees other workers and business operations while reporting to a senior management is known as a line manager. Supervisor, section leader, and organizational leader are comparable positions that are frequently utilized. They are tasked with achieving company objectives in a particular functional area or business sector.

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For which of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes?

Answers

Paid $2,000 to his or her father to help install a new fence out of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes. The correct option is D.

What is the meaning of household employer?

You may be deemed a household employer if you pay wages to persons who work in or near your home. The table below contains a list of workers and whether or not they are considered home employees. A domestic employee may provide services on a temporary or part-time basis.

If you paid cash wages to a household employee who was liable to social security, Medicare, or FUTA taxes, or if you withheld federal income tax, utilize Schedule H (Form 1040).

Thus, the ideal selection is option D.

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Your Question seems incomplete most probably your full complete was:

For which of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes?

A. Paid $2,400 in wages to a friend’s niece for housekeeping services

B. Paid $2,350 in wages to a neighbor for babysitting in his or her home

C. Withheld $100 in Federal income tax from payments to his or her yard worker

D. Paid $2,000 to his or her father to help install a new fence

Your parents said you could purchase a new car for graduation. You
want to show them that you can be responsible and take the
necessary steps in purchasing a car. Make a list of the steps you
need to take to make your big purchase. Make sure to address
economics questions and concepts.

Answers

The steps we need to take for a big purchase are look at your financial picture, check your credit score and report, figure out finance, plan the purchase ,make the deposit.

What is finance?

The study and science of money, money and capital assets is known as finance, commonly referred to as financial economics. It is associated with economics, which is the study of how money, assets, goods, and services are produced, distributed, and consumed, but it is not the same thing. Assets, such as currencies, loans, bonds, shares, stocks, options, futures, etc., are bought, sold, or traded as financial instruments in a financial system. To enhance value and reduce loss, assets can also be invested in, insured, and banked. Risks are, in fact, a constant in all financial transactions and companies.

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According to the acquired needs theory, the need for power refers to the desire to:

Answers

According to the acquired needs theory, the need for power refers to the desire to an influence or control others and have authority over others.

What is the acquired needs theory?

The phrase "Acquired needs theory" is a term created by a psychologist David McClelland, the theory is also known the McClelland's Needs Theory, Three-Needs theory, Achievement Motivation Theory or Learned Needs theory.

This psychological theory is based on the notion that people's needs are acquired as they live their lives or through experiences of life. It also emphasize that the needs are derived from the reaction to the stimuli in the external environment.

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Using credit cards responsibly can help a consumer establish a good credit rating.
True
False

Answers

Answer:

true

Explanation:

good credit comes from the ability to pay the bills that you put on your credit card when purchasing things

There are four hallmarks of an effective marketing mix: it matches customer needs, matches corporate resources, creates a competitive advantage and is well

Answers

Product, pricing, place, and promotion are the four basic pillars of a marketing strategy, often known as the marketing mix corporate or the four P's of marketing. The four Ps are product, pricing, place, and promotion.

They serve as an example of a "marketing mix," which is the set of tools and strategies used by marketers to achieve their marketing objectives. The 4 Ps were first formally proposed by E in 1960. corporate alter their marketing mix in an effort to convince management that their product is better than that of their competitors. The purpose of these changes is to gain a competitive advantage.

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Patel Packaging Systems purchased a new computer system in 2021 at a cost of $328,000. This system is in the 5-year MACRS class, and has depreciation allowance percentages of 20, 32, 19.2, 11.52, 11.52, and 5.76. What is the maximum amount of depreciation the firm can claim on this system in the first year if it selects the bonus depreciation method?


a.
$164,000


b.
$328,000


c.
$170,560


d.
$65,600


e.
$54,667

Answers

The maximum amount of depreciation the firm can claim on this system in the first year is:

Depreciation claims in 1st year = Depreciation rate * Initial investment

= 20% * 328000

Depreciation claim= $65600

The time period depreciation refers to an accounting approach used to allocate the value of a tangible or physical asset over its beneficial life. Depreciation represents how a good deal of an asset's price has been used. It lets in corporations to earn sales from the belongings they very own with the aid of using purchasing them over a sure duration of time.

Because corporations do not need to account for them totally withinside the year. the belongings are purchased, the instantaneously value of possession is substantially reduced.  Not accounting for depreciation can substantially have an effect on a company's profits. Companies also can depreciate long-time period belongings for each tax and accounting purposes.

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Goal intensity and persistence may not be maximized if

a. goals are specific.

b. supervisors give too much feedback.
Incorrect

c. rewards are used.

d. goals are too easy.

e. supervisors are involved too heavily.

Answers

Goal intensity and persistence may not be maximized if supervisors give too much feedback.

What is goal intensity?

A goal's position in a person's goal hierarchy as well as the factors that determine and have an impact on goal commitment on performance are all covered under the concept of goal intensity. Goal intensity and content are sometimes connected. When a lot of information needs to be examined and integrated before a goal can be clearly articulated, it may take a more intense psychological process to develop a clear, precise aim rather than a vague one. So, in this situation, setting a specific performance target would be more intensive than choosing a general one.

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Decide which statement best reflects a proper attitude on the first day of work.
a.
I should point out other workers who are not properly dressed.
b.
I should question business practices shown to me.
c.
I should listen closely when people talk to me.
d.
I should defend my ideas with rigor

Answers

The correct statement that best reflects a proper attitude on the first day of work is: c. I should listen closely when people talk to me.

What is attitude?

Attitude can be defined as the way a person or an individual behave. A person can tend to have a negative or positive attitudes toward others based on the fact people are different in their own ways and tend to have different way in which they behave which implies that our attitude are not the same.

An employee that just resume to an office for the first time need to display a proper attitude because first impression last longer. Based on this it is advisable a person who just resume to an office should pay attention to details and should listen closely when people talk to him/her.

Therefore the correct option is C.

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If there is a drought, what would you expect to happen to farmers' revenues?

Answers

Answer: it would dry up the land leading to less growth in there plants

Explanation:

Answer:

it would get dry and they plants woudnt grow.

How would you respond if a networking contact or potential employer said, “Tell me about yourself”? (Keep in mind that answers to this question should be kept to 1 minute or less.)

Answers

Answer:

if you are given 1 min to describe yourself this is how you go about it

Explanation:

Good afternoon(depends on the time) Mr David My name is Jake Martins I studied accounting and I have my master degrees.i am an employee of this prestigious company and I work in the logistic/analysis of the business and it is an honour to meet you.

What is one way a person can increase the wages he or she expects to earn?
A. By advocating against minimum wage regulations
• B. By increasing overall productivity in a year
C. By choosing a job with a low market value
• D. By deciding not to get a high level of education
SUBMIT

Answers

Answer:

Your answer is B) By increasing overall productivity in a year

Explanation:

I would say A, but it says expects to earn, not actually earn. A human normally expects extra credit or reward for doing more work. As for the others, it's common sense that you don't do that.

Thus, the answer is B.

Public companies have limited liability. Is this true or false ?

Answers

Answer:true

Explanation:

what's the best online money making way?

Answers

The best online job is Computer Science

Currently Baldwin is paying a dividend of $16.63 (per share). If this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield?

Answers

Based on the current dividend that Baldwin is paying, an increase of 10% in the stock price would lead to a dividend yield of  8.40%

What would be the dividend yield?

The stock price to Baldwin before the increase was $179.90 so the increase of 10% would lead to a new stock price of:

= 179.90 x ( 1 + 10%)

= 179.90 x 1.1

= $197.89

The dividend yield would then be:

= Dividend / Stock price

= 16.63 / 197.89

= 8.40%

In conclusion, the new dividend yield to Baldwin after the rise in stock price is 8.40%.

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If property is converted from personal-use property to business property, the depreciable cost basis is which of the following? Multiple Choice

Answers

The foundation for converting the personal property to commercial use is the lesser of the conversion's fair market value or the conversion's cost.

What happens to the depreciable cost of personal-use property converted to the business property?

The basis for personal property used for business purposes is the lowest of the fair market value at the moment of conversion or the purchase price plus any upgrades or additions, less any casualty losses that have been subtracted up until the conversion.

You must assign the basis if the acquisition price of the property includes both depreciable and non-depreciable items (for instance, land and a building), or if you utilize the property for both commercial and private purposes.

Purchase of a structure and land in one transaction. It is common for a company to buy both property and an office building. In certain situations, the building is only responsible for paying a fraction of the fee.

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I I'LL GIVE 60 POINTS AND BRAINLIST TO THE ONE WHO ANSWERS THIS 4 QUESTIONS!!!!
please and thank

1.) Which document shows all the changes to a single account in one place?
ledger
journal
column
chart of accounts

2.) The two steps to opening an account in the general ledger are:

A.) writing the date of entry and journal page number.

B.) recording the debit or credit transactions and accounts balance.

C.) writing the account name and recording the account balance.

D.) writing the account name and the account number.


3.) The first digit in an account number indicates:

A.) that the account is an asset.

B.) that the account belongs in the revenue division of the general ledger.

C.) the general ledger division of the account.

D.) the location of the account in the general ledger.

4.) When you are adding a new account between the account numbers 510 and 520, the new account number will be:

A.)513

B.)515

C.)511

D.)517

Answers

Answer:

1.) B.)

2.) C.)

3.) A.)

4.) B.)

Explanation:

Damon is using his weekly allowance to spend on video games and movies. This week, on top of his allowance, he gets a bonus from his mother
for taking out the trash. In response, he spends more on video games and movies. In this example, we can conclude that movies are what type
of good?

Substitute
Normal
Complement
Inferior
Submit

Answers

In this example, we can conclude that movies are Substitute goods. If weekly allowance will increase than only demon spend more on video games.

What is Substitute goods?

A product or service that customers perceive to be substantially the same as or sufficiently comparable to another product is referred to as a substitute, or substitutable good, in economics and consumer theory. A product that can be used in lieu of another is known as a substitute.

Production substitutes are items that need producing less of one in order to produce more of the other. Think about good A and good B, who can replace A in a production. The supply curve for good A must move to the left if the price of good B increases.

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Identify the dangers posed by Machiavellianism.

Answers

The dangers of Machiavellianism thus are that it can prevent interpersonal relationships from forming. Put another way, Machiavellianism can prevent strong bonds from being created and only strong bonds can survive times of chaos.

critically evaluate the attractiveness and challenges of the Indian food retail market to Tesco. If Tesco decided to expand into the Indian market, would the decision be justified? with pictures ​

Answers

Yes, If Tesco decided to expand into the Indian market, would the decision be justified as India is country of rush hours, the ready-made food could sell easily.

Evaluation of Tesco in Indian food retail market

India is a country with many different cultures, and there are significant differences between the various ethnic groups. There are significant differences between the rich and the poor, the highly educated and the illiterate, as well as between living standards and lifestyles.

With this in mind, a random sampling procedure would be used to collect a final sample of 250 respondents. Sample size is also influenced by time constraints, financial constraints, and the level of precision needed. Every second person leaving the hypermarket will be chosen for the study.

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“Quantitative measures of the performance of sales representatives are more likely to mislead than guide evaluation.” Do you agree with this statement? Give reasons in support of your viewpoint.

Answers

I disagree that the quantitative measures of the performance of sales representatives are more likely to mislead than guide evaluation because this metric have proven reliable for managers over the years for measuring the performance of their employee.

What is a Quantitative measures of the performance?

This is also known as a quantitative performance review. The performance review does evaluates an employee on measurable factors directly related to their job. This method as well removes any subjectivity and allows the managers to deliver a clear and accurate feedback on what the employee is doing well as well as how they can improve.

In this review, the quantitative criteria are those aspects that measure the sales performance in terms of the end results whereas the qualitative criteria involve those activities that the sale person does to achieve the end results. Some of the quantitative factors include the sales volume, average calls per day, sales orders, etc.

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Select the correct text in the passage.
What are some inadvertent effects of technology?
Technological innovation - A Boon or Bane
Technological innovation has changed the way work is done in an office today. It has affected our society and altered the way we lead our lives.
There is no doubt that advancement in modern technology has improved work efficiency. It has also increased idle time of workers.
We are now connected to the world virtually. It is also true that we are now spending more time visiting social networking sites, rather than our friends
and family.

Answers

The inadvertent effects of technology is the technological innovation has changed the way work is done in office today. It has affected our society and altered way we lead our lives.

What is technology?

Technology is the systematic and repeatable application of knowledge to achieve practical objectives. The result of such an effort is sometimes referred to as technology. The use of technology is pervasive in many areas, including daily life, science, industry, communication, and transportation. Both real things like machines or utensils and intangible tools like software are considered technologies.

Numerous technological developments have brought about societal transformations. The earliest technology that has been identified is the stone tool, which was employed in the prehistoric past. This was followed by the use of fire, which helped fuel the Ice Age expansion of the human brain and the emergence of language.

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Answer:

The answers are:

"It has also increased idle time of workers."

and

"It is also true that we are now spending more time visiting social networking sites, rather than our friends and family."

Explanation:

correct on plato

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