Answer: $450
Explanation:
Total tickets purchased = 2
The cost of one ticket three months ago = $100
Current price of one ticket = $225
Total cost of two tickets = $225 × 2
= $450
The opportunity cost is the benefit that is foregone by selecting some other alternative. So, here two options are available that either attend the concert or resell the ticket at $450. Therefore, the opportunity cost of attending the concert is $450.
Answer: The "Controlling" step of the management framework.
Explanation: Management principles have been categorised into 4 main functions namely: planning, organising, leading and controlling. In short this is known as the P-O-L-C framework. The aim of this framework is to act as a guide used to assist management in addressing challenges faced by the organisation.
In the monitoring step of the mission and vision statements development is analogous (related) to the controlling element of the framework. In this step, key milestones are identified and recognised over time. Using these milestones, progress is monitored and measured against the objectives of the organisation. Audit can be an important tool used during this step of the process, to confirm whether milestones are effectively monitored.
It is important, because you have to explain how to do a procedure in order for the former person to understand what you believe is correct in math.
This is a true fact, what is the question though?
Risk that are caused by the response to the another risk is known as secondary risk. The first option is correct.
<h3>What are risk?</h3>
Risk refers to the possibility of the danger or harm. For example there is risk involved to change the career. The risk taken can lead to any outcome it can be positive or negative.
There are various kinds of risk one of those kind is the secondary risk in which the risk is taken as a result of the previous actions taken to deal with the situation.
Thus the correct option is Secondary risk.
Learn more about residual risk here:
brainly.com/question/6041526
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