Answer:
1. lost wages from not working full time.
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
A person usually has to decide between working and going to school.
If the person decides to go to school, the opportunity cost is the wages forgone .
Travel expenses, tuition, and books are the real costs of attending college .
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Answer:
As per the examples of the creators code Many things related to the performance of the company. It is critical to have a solid plan, to have a profitable products and services and to have effective methods. Although it is up to the individuals inside the organisation to actively enforce policies, plans ,and procedures that make a company a success.
Answer:
efficiency variance
Explanation:
When standard direct labor hours differ from actual direct labor hours used, the company experienced an "efficiency varaiance". It can be used in order to analyze how effective an operation is in relation to labor, materials, machine time and other production factors.
Efficiency variance is actually the difference which exists between the theoretical amount of inputs which are needed to produce an output and the actual number of inputs which are required to manufacture the unit of output.
Answer:
Product Markets
Explanation:
The free flow of products and services in a market is an important reason which helps in the encouragement of economic activity. A free market helps in the free flow of the products and services. The circulation of goods and services in the free economy is said to be the circular flow model. The product market in the circular flow model signifies the goods and services which are finished products.
It is false to say that functional structures initiated horizontal team-based structures that provided faster information sharing, coordination, and integration between the formal organization and profit-oriented projects and programs.
<h3>What are functional structures?</h3>
It corresponds to a type of vertical organizational structure, that is, it enables the growth and development of the employee among the different hierarchical levels existing in the organization. In the functional structure, there is a departmentalization of functions according to the employee's skills and abilities.
Therefore, different from the statement about the functional structures present in the statement, it can be said that these do not provide sharing, coordination and integration of information based on teams, but on departments that are supervised and coordinated by a manager.
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