Answer:
Opportunity cost
Explanation:
In economics (a social science that studies human behavior in relation to ends and scarce means which have alternative uses), there are basic concepts such as scarcity, scale of preference, opportunity costs etc.
Human wants are unlimited and termed to be insatiable. However, the resources available to satisfy these wants are unlimited hence these wants are grouped in the order of importance known as a scale of preference. As the available resources are used to meet a need or satisfy a want, another will go unsatisfied due to the limited resources available.
The need/want that goes unsatisfied is known as the opportunity or real cost or cost of the alternative forgone. This is what Jacks salary will be considered as if he quits his job.
1st lets define <span>entrepreneurs - starting his or her own bussiness offering a product, So I'd guess the role they play is the they start new bussiness, create jobs for people in need and they also bring something new to economy.
I hope I helped you </span>
False. Investing is sometimes considered a form of saving money people use other than savings accounts
The blank space has been correctly filled below:
- The contribution margin income statement allows users to easily judge the impact of a change in <u>selling price, cost, or volume</u> on profit.
The contribution margin income statement is an evaluation of a former sales period. Entrepreneurs use this procedure to determine whether they made a profit or loss during the period.
After their evaluation, they realize the operating income or net income. The contribution margin is generated using this formula,
Net product revenue - Total variable cost ÷ product revenue.
A proper understanding of the fixed and variable costs is essential to accurately calculate the contribution margin.
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Answer:
The correct answer is: soldiering.
Explanation:
American economist Frederick Winslow Taylor (1856-1915) in his book "<em>The principles of Scientific Management</em>" (1911) described the term soldiering to refer as the act by which individuals decrease the efficiency of their duties at work in purpose because of different adverse situations arose such as few wages incentives or the belief that by increasing productivity the less productive workers could be affected through lay-offs.
