1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stira [4]
3 years ago
9

You are faced with the following alternative choices on Saturday afternoon. You can only do one of these activities. None of the

se activities will require you to spend any money.
Choice A: Go hiking.
Choice B: Work out using exercise equipment in your garage.
Choice C: Stay at home and practice playing the violin.
It turns out that Choice A is your most preferred activity, Choice B is your second most preferred activity, and Choice C is your least preferred activity. You choose to go hiking.
What is the opportunity cost of your decision to go to hiking?
Business
1 answer:
garri49 [273]3 years ago
3 0

Answer:

Missing out on the benefits I get from working out using exercise equipment in my garage.

Explanation:

When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen." Since Choice B is the next best choice to hiking, missing out on the benefits of working out will be my opportunity cost.

You might be interested in
Describe various ways that knowledge management systems could help firms with sales and marketing or with manufacturing and prod
german

Answer:

Please see explanation below.

Explanation:

Knowledge management system is a system that allows sales people have quick and right information about a company's value proposition without having to wait for feedback from team members or someone else in the company. An advantage of knowledge management system is the ability to train many employees remotely or places where they may be needed.

Various ways ways that knowledge management system could help sales and marketing.

•Getting sales people on the same page. A company's sales team should understand the value propositions of their firm and how such values distinct them from the competitors. Each sales member should be acquitted with the knowledge management system which provides an easily accessible place for the company's value proposition. It also means that the values should readily be known and understood by everyone and are able to apply them according to how situations demands.

• Allowing to refine and deliver a better training process. This explain that knowledge management system can assist in terms of tracking questions frequently asked by sales people , contents mostly assessed by them and activities often carried out by top sales person that bring about the best result. All the information gathered including possible answers and training contents can then be loaded into the knowledge management system to help train new hires.

• Helping to track valuable insights and information. Prospects and customers usually give useful feed back which can assist a sales team and sales representative handles future sales opportunities. It is not enough capturing these information on the knowledge management system, they should be properly organized and accessible for other team members to benefit .

• Making it easier for sales and marketing to help each other. An important part of marketing team's task is to understand the challenges faced by the target audience and the questions prospects commonly ask so as to create relevant contents for them and also upload them on the knowledge management system portal. Such information should be often accessed by the team and then take better advantage of it.

Other areas knowledge management system could help sales and marketing are assistance with sales trend, high level decisions with regards to product orders, price negotiations . etc

7 0
3 years ago
Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges were $12,500. What was th
olga nikolaevna [1]

Answer:

3 times

Explanation:

Times Interest earned is a financial ratio that shows how many times an entity's net income or earnings before interest and taxes can be used to settle the company's interest expense.

It is given as the ratio of earnings before interest and tax to interest expense.

Earnings before interest and taxes is the difference of sales and operating costs.

= $400,000 - $362,500

= $37,500

Hence, the firm's times-interest-earned (TIE) ratio

= $37,500/$12,500

= 3

6 0
3 years ago
Dylan, a vice president of human resources, recommends adding self-appraisals to the company's performance management system. Th
masha68 [24]
<h2>Evaluating one's contribution gets employee thinking about their performance.</h2>

Explanation:

Self-appraisal is one of the best method to assess themselves of what kind of contribution that he has made to the company to grow.

He can also look back about the opportunities that the company has given to him to perform.

This actually,

  • speaks for results
  • gets the chance to do peer review
  • an exercise to grow in terms of career
  • list out the achievements of self
  • contribution done by the self

So the chosen statement supports Dylan's idea.

3 0
3 years ago
Abraham found a $1,000 face value bond that belonged to his father. He checked The Wall Street Journal and found the bond was cu
asambeis [7]

Answer:

Premium

Explanation:

Whenever a bond sells for more than its face value, it sells at a premium, which means that the investors are willing to pay more for the bond than its face value. This happens when the coupon payment percentage on the bond are higher than the yield to maturity of the bond, because the investors required return is the yield to maturity, when the bond pays more than the required return the investors are willing to pay more for the bond.

4 0
3 years ago
Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,070 2 1,300 3 1,520 4 2,2
Leni [432]

Answer:

Total FV= $6,765.82

Explanation:

Giving the following information:

Year Cash Flow 1 $ 1,070 2 1,300 3 1,520 4 2,260

Discount rate= 8%

<u>To calculate the total future value, we need to use the following formula on each cash flow:</u>

FV= Cf*(1 + i)^n

FV1= 1,070*(1.08^3)= 1,347.9

FV2= 1,300*(1.08^2)= 1,516.32

FV3= 1,520*1.08= 1,641.6

FV4= 2,260

Total FV= $6,765.82

5 0
2 years ago
Other questions:
  • The accounting records for Portland Products report the following manufacturing costs for the past year: Direct materials $ 315,
    7·1 answer
  • In a command economy, the government does not do which of the following?
    8·2 answers
  • High levels of brand ________, or the extent to which consumers feel they are "in sync" with the Fox News brand and engagement i
    10·1 answer
  • Consider the economies of Hermes and Gobbledigook, both of which produce gobs of goo using only tools and workers. Suppose that,
    12·1 answer
  • The American Civil Liberties Union was heavily funded by the Republican Party and Wall Street businessmen in the hopes of promot
    10·1 answer
  • Item 4 A coupon bond that pays interest annually has a par value of $1,000, matures in seven years, and has a yield to maturity
    11·1 answer
  • Conduct a basic SWOT analysis of an organization or a department you belong to using this SWOT Analysis Worksheet. Once complete
    10·1 answer
  • What does a credit score measure?
    5·1 answer
  • Roy's Welding common stock sells for $64.20 a share and pays an annual dividend that increases by 4.30 percent annually. The mar
    15·1 answer
  • Which of these is an example of qualitative data?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!