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3 years ago

For each of the following, describe the opportunity cost when you decide to do each activity.

Business

1 answer:

Lina20 [59]3 years ago

5 0

Answer:

The opportunity cost of going to the beach is lost time to study for the exam

The opportunity cost of going to college is the lost earnings from getting a paying job after high school

The opportunity cost of eating breakfast is arriving late to school

The opportunity cost of going to the movies is not completing your portion of the group project

The opportunity cost of going to a party at a friend's house on a school night is the inability to wake up early the next morning

Explanation:

An opportunity cost is the lost benefit attached to choosing one option over another. The scenarios given require the consequences which occur as a result of not choosing one option of the two alternatives presented. In each of the given cases, the foregone benefit varies depending on the option selected.

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Deepak's team is in charge of conducting a review of their company's waste/mistake prevention policies and procedures. Part of t

lord [1]

Answer:

True

Explanation:

Although the business segments related to waste management and information systems may seem irrelevant at start, these two are often intertwined.

In order to successfully forecast the future of waste prevention and management, managers should take into consideration IS and their benefits. For example, how can a new IS that is scheduled for implementation next year affect the existing, real-time waste management system? Can the existing process be automatized and simplified with the aid of the IS?

Therefore, it is needed to include the IS aspect in the waste prevention policy review.

5 0

3 years ago

An organizational decision maker assesses conditions of certainty, uncertainty, and risk during the process of a. determining th

Alchen [17]

Answer:

b. evaluating alternatives

Explanation:

Decision making process involves identifying a problem, defining the decision criteria, determining the decision type, generating alternatives, evaluating and selecting the best possible alternative,

A problem is defined when a gap exists between actual and desired state. Next step is to identify the organizational criteria upon which decisions would be based.

Third step is to weigh pros and cons of the criteria in light of the situation. Next step is to generate alternatives and options which are available.

In the next step, all the available options are weighed w.r.t organizational criteria, which is the evaluation stage.

The last step is the selection of the most feasible alternative and it's implementation.

4 0

3 years ago

Help me with Financial Literacy please

Alja [10]

(A).I beleve is correct but im not 110% sure

4 0

2 years ago

The following is a payroll sheet for Windsor Imports for the month of September 2020. The company is allowed a 1% unemployment c

bezimeni [28]

Answer:

salaries expense 33600

income tax payable 3360

FICA payable 2570.4

SUTA 9

FUTA 7.2

salaries payables 27653.4

Explanation:

accumulated current Income Tax FICA State Federal

Will 6700 800 80 61.2 3 2.4

Raye 6400 700 70 53.55 6 4.8

Baker 7500 1100 110 84.15

Lopez 13800 2000 200 153

Daniels 107800 11800 1180 902.7

Kingston 113200 17200 1720 1315.8

33600 3360 2570.4 9 7.2

4 0

2 years ago

A parcel of vacant land 80 feet wide and 200 feet deep was sold for $2000 per front foot. how much money would a broker receive

Vlad1618 [11]

First, calculate the area of the vacant land by multiplying the given dimensions.

Area = (80 ft)(200 ft)

Area = 16000 ft^2

Then, multiply the calculated area with the given price per ft^2.

Total price = ($2000/ft^2)(16,000 ft^2)

Total price = $32,000,000

The 10% commission of selling the land is equal to $3,200,000.

The money that the broker will receive will be 60% of the commission.

= (0.6)($3,200,000)

= $1,920,000

6 0

3 years ago