Answer:
Option "A" is the correct answer to the following statement.
Explanation:
Implicit cost is a special type of opportunity cost, its generate when an organization or a business has to pay his cost and does not necessary to show it. for example, a businessman gets a salary from his organization.
- In this situation, Wilson owns a club and works as an accountant in it.
- This type of cost defines an Implicit cost for Wilson's health club.
Answer: b. 3 years
Explanation:
Based on the future value of $3,246 and the annual payment of $1,000, one can guess that the number of payments (years) till the future value is reached will be 3 years.
Plug 3 years in to find out if you are right;
= Annuity * (( (1 + r)^n - 1) / r)
= 1,000 * (( ( 1 + 8%)³ - 1) / 8%)
= $3,246
<em>Answer is proven to be 3 years. </em>
The answer for this question is: Intangible resource
Intangible resource is a type of resource owned by a company that cannot be measured by number and do not have physical form.
Another example for an intangible resource is: employee's loyalty, Human Development within the company, employee's motivation, etc.
Motivating is not a primary functions of management.
Management is a leaflet of principles associated with the task of planning, organizing, directing, and controlling, and the implementation of these principles in using physical, financial, human, and informational resources adeptly and effectively to attain organizational targets,
The five primary functions of management are-
1. Planning
2. Organizing
3. Staffing
4. Directing
5. Controlling
Management is important for the smooth running of all types of organizations. Managing an organization refers to getting works done with other people to attain its targets.
To learn more about primary functions of management here
brainly.com/question/1286589
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