1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
klasskru [66]
3 years ago
15

The salary foregone by a person who quits a job to start a business is an example of a(n) ________. Select one: A. depreciable c

ost B. outlay cost C. opportunity cost D. sunk cost
Business
2 answers:
ZanzabumX [31]3 years ago
5 0

Answer:

C

Explanation:

Opprtunity cost

 Opportunity costs is the benefits an individual, investor or business misses out on when choosing one alternative over another. While financial reports do not show opportunity cost, business owners can use it to make educated decisions when they have multiple options before them. If the foregoes the salary and quits the job for the business he wants to start. He is forgoing the benefit of the salary which is an opprtunity cost, even if the business produces more.

Arturiano [62]3 years ago
3 0

Answer:

C. opportunity cost

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

For example, let us assume that Amanda leaves her job where she earns $250,000 to start a business where she earns $500,000. Her opportunity cost is $250,000 which is the salary she forgoes when she decided to start her business.

I hope my answer helps you

You might be interested in
2. Skip and Peggy are brother and sister and they fight about everything. Skip says that perfectly competitive firms maximize pr
finlep [7]

Answer: They are both right.

Explanation:

Firms in every market will always maximise profit where their Marginal Revenue equals Marginal Cost because at this point, resources are being fully utilized. This is therefore no different in a Perfectly competitive market so Skip is correct.

Peggy is also correct however because in a Perfectly Competitive market, the demand curve is perfectly elastic. This creates a situation where the Price, Marginal Revenue and Average Revenue are all the same and represent the demand curve as well.

With the Price being the same as the Marginal Revenue in a Perfectly competitive firm, that means that where the Price equals Marginal Cost is where the Marginal Revenue equals Marginal Cost as well so indeed perfectly competitive firms maximize profit where price equals marginal cost.

5 0
3 years ago
Leather ShopLeather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current ass
slavikrds [6]

Answer:

$75,000

This option has not been provided

Explanation:

Cash provided by operating activities

Net Operating Income

Add: Depreciation

Add: Decrease in current assets

Add: Increase in Current Liabilities

Using the information in question, we have

Cash Provided by operating activities = $57,000 + $5,000 + $4,000 + $9,000 = $75,000

None of the above is the right answer as the correct option is not available.

8 0
3 years ago
A normal profit is:______
katen-ka-za [31]

Answer:

b. revenues minus accounting and opportunity costs.

Explanation:

A normal profit occurs when the amount of profit generated by a company in a given period is equal to the amount of its costs, that is, in this situation the company's profit is sufficient to cover its costs and it manages to continue operating in a market in a way competitive, for this reason the normal profit

The opportunity cost refers to normal profit due to the fact that this is the amount that is equal to zero with respect to economic profit, which is what is necessary for the company to operate when considering the investment made.

4 0
3 years ago
Q1: In about 200 words, write an essay analyzing the below case study using the SWOT framework.
IrinaK [193]

Essay writing is given to students in order to test their writing and reading skills.

<h3>How to write an essay?</h3>

Based on the information given, the way to write the essay will be given. Firstly, it's important to decide on your topic. In this case, it is an essay analyzing the STEEPLE Module.

Research should be done on the topic and create an essay outline.  STEEPLE stands for social, technological, economic, environmental, political, legal, and ethical. Set your argument in the introduction and develop it with evidence.

Finally, check the content, grammar, formatting, and spelling of your essay.

Learn more about essays on:

brainly.com/question/24799048

5 0
2 years ago
A business plan is a form of proposal. If you are serious about starting a business, you will need to write a comprehensive, tho
Irina-Kira [14]

Answer:

sry I just wanted the points I'm in middle school so I don't know this stuff either but can you give free brainlyest I'm soo close to my next rank I'd really appreciate it if you would

3 0
2 years ago
Other questions:
  • The multiplier is greater than 1 because the change in autonomous expenditure leads to​ _______.
    15·1 answer
  • Maintaining ___________ involves producing what the customer wants while reducing errors before and after delivery to the custom
    9·2 answers
  • From the ledger balances below, prepare a trial balance for Cullumber Company at June 30, 2017. All account balances are normal.
    8·1 answer
  • Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a
    11·1 answer
  • ​________ is the extent to which a selection tool produces consistent results over time.
    9·1 answer
  • A business must decide whether to open a new office in China. If it opens the
    10·1 answer
  • The degree of customer contact measuresthe amount of time the customer is separated from the service delivery system.the amount
    14·1 answer
  • Suppose you have $1,325 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually.
    6·1 answer
  • Many organizations choose to accomplish aggregate planning on the basis of _____ and _____ methods. Multiple Choice spreadsheet;
    15·1 answer
  • A well-designed product transcends cultural barriers. It does not need to be changed to suit different countries or cultures. Tr
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!