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Yakvenalex [24]
3 years ago
5

Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him

and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.
Business
1 answer:
Valentin [98]3 years ago
5 0

<u>Full question:</u>

Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.

Select the correct answer below:

a)economies of scale

b)budget constraint

c)opportunity cost

d)opportunity set

<u>Answer:</u>

His friend is referring to the opportunity cost

<u>Explanation:</u>

Opportunity costs describe the gains a person, investor or company drops out on when picking one choice over another. The cost of practicing something is previously the cost of the highest-valued alternative use.  Bottlenecks are frequently a condition of opportunity costs.

The method for determining an opportunity cost is solely the contrast within the expected returns of any option. Estimating opportunity costs can lead you to more effective decision-making. Opportunity cost examination also performs a crucial role in preparing a business's capital structure.

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B. Larger growth opportunities based on market size

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Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Refer to the lists of
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Answer:

Explanation:

Stockholder's Equity

Paid in Capital:  

      Common Stock  $48,000,000

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Total Paid in Capital  $58,900,000

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Case study
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Answer:

Strategical level- It states that these type of decision making should be taken by the higher authorities of the company for example, chief executive, chief manager, president etc.

Explanation:

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3 years ago
The line of authority that extends from the upper levels of management to the lowest levels of the organization is ____________.
lyudmila [28]

Answer:

<h2>The answer in this case would be option D. given in the answer choices or Chain of Command.</h2>

Explanation:

  • Under the chain of command system, the line of authority or organizational control runs hierarchically from the top to the low levels of the administrative management chain.
  • The organizational functions, duties, assignments and responsibilities are arranged according to the hierarchical structure of the organizational management or administration under the chain of command system.
  • The departmental designations and divisions under the chain of command are also guided by hierarchical classification of the organization management.The officials under the department of the lower levels of management usually work under and report to the middle or top management levels and the departments and officials working in the mid level management generally reports to the top level management in any business organization.
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4 years ago
Jordan's mobile communications device company is conducting an industry analysis as it considers new strategies for its five-yea
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Answer: Jordan's mobile communications device company is conducting an <em>industry analysis</em> as it considers <em>new strategies</em> for its five-year strategic plan. The analysis reveals that recent government deregulation has reduced the barriers to entry and <u>several start-ups are entering the industry.</u> The solution  that could be a part of the the plan to counteract is to acquire the company's biggest supplier, bringing the capability of manufacturing critical component parts into the business structure.

Explanation:  The <u>Strategic Plan</u><u> </u>of a company serves to establish the <em>objectives to be achieved and the methods</em> of action to achieve them .

It includes the meeting of the <em>team of directors</em> of the company and the ideas are written down so that the whole team finds out about the <em>strategy to follow </em>and the objectives, generally up to the following 5 years.

Some of the point to be clarify are for <em>example </em>:

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Each company must see <u>the best option</u> in any case <u>to achieve </u>the goals that have been proposal on the strategic plan .

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