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2 years ago

The best alternative given up when we make a decision is called the ________ of that decision.

1 answer:

8 0

The best alternative given up when we make a decision is called the Opportunity Cost of that decision.

<h3>What is an Opportunity Cost?</h3>

Opportunity cost is the forgone alternative when a decision has to be made.

For instance, if a meal has to be skipped to afford the payment of a book, then the opportunity cost or foregone alternative is the meal. Therefore, the correct answer is opportunity cost.

Learn more about the opportunity cost here:

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Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock standard

navik [9.2K]

Answer:

Efficiency variance =$9,860 unfavorable

Explanation:

Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate

Hours

11,900 units should have take (11,900× 4hrs) 47,600

but did take 48,180

Difference 580 unfavorable

Standard hours × $17

Efficiency variance $9,860 unfavorable

5 0

3 years ago

In building a sustainable organization, management should strive to make the organization sustainable in three areas ? ________.

DochEvi [55]

The three areas are; "the economy, the environment, and society".

Sustainability organizations are composed of groups of individuals that plan to propel sustainability or potentially those activities of sorting out something economically. Dissimilar to numerous business associations, sustainability associations are not restricted to actualizing sustainability methodologies which furnish them with financial and social advantages accomplished through ecological duty. For these associations or organizations, sustainability can likewise be an end in itself without additional explanations.

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3 years ago

Read 2 more answers

The following are exogenous (not directly affected by income): G = 11 I = 4 X = M = 0 The consumption function is: C = k + cY, w

nikitadnepr [17]

Answer: the answer is 90.0

Explanation:

From the question above, we are given:

G = 11

I = 4

X = M = 0

Consumption function is:

C = k + cY

Where:

k = 3

c = 0.8

The GDP of a nation is given as:

Y = C + I + G + NX

By imputing the values into the GDP equation, we have:

Y = k + cY + 4 + 11 + 0

Y = 3 + 0.8Y +15

Y - 0.8Y = 18

0.2Y = 18

Y = 90.0

6 0

3 years ago

A nation has a GDP of 685m. It has a growth rate of 4%. How long will it take the nations GDP to double?

katovenus [111]

The Rule of 70 can be used to determine the length of time it would take for a variable to double. In this case, using a growth rate of 4%, we can divide 70/4 to find that it would take 17.5 years for the GDP of this nation to approximately double.

7 0

3 years ago

Which of the following is NOT a form of protectable intellectual property (IP)? Select one: a. Registered trademark b. Copyright

garri49 [273]

Answer:

The answer is d. All of the above are forms of protectable IP

Explanation:

Intellectual Property Protection is protection for inventions, literary and artistic works, symbols, names, and images created by the mind.One can protect their intellectual property by using Patents, Trademarks, Trade Secrets, and Copyrights.

5 0

4 years ago