A surplus<span> is used to describe many </span>excess<span> assets including income, profits, capital and goods. A </span>surplus<span> often occurs in a budget, when expenses are less than the income taken in or in inventory when fewer supplies are used than were retained. </span>Economic surplus<span> is related to supply and demand</span>
Answer:
Opportunity cost of holding the money = $1.650
Explanation:
Opportunity cost is the value of the next best alternative sacrificed in favour of a decision.
The opportunity cost of holding the money is the interest on deposit that would be have been earned should it be invested at the savings rate.
Interest on savings deposit = interest rate × deposit
= 2.5%× 66,000= $1,650
Opportunity cost of holding the money = $1.650
Rules of thumb or short-cuts that individuals use to save time when making complex decisions are known as....<span>Heuristics</span>
Answer:
d) economic and legal
Explanation:
As Juan is going to start a business by satisfying the unfulfilled needs of his community, it means definitely going to target a niche market, therefore chances of success are quite higher but as far as economic and legal factors are concerned, they surely either can increase the restrictions over him with the help of many possible laws and adding various taxes or can lower the risk of initiating a new venture by finding him a suitable financier who could finance his business effectively.
The external factors that might affect how the business operates are:
- A. Domestic business environment
- B. Political-legal environment
- C. External environment
<h3>What are the external factors that impact business operation?</h3>
The external factors that impact business operations include:
- Social
- Economic
- Competitive
- Demographic
- Global factors
- Technological
- Political and legal.
The corporate culture of an organization is outside its boundaries.
Thus, the external factors that might affect how the business operates are Domestic, Political-legal, and External environments and not the corporate culture.
Learn more about an organization's external environments at brainly.com/question/15020066
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