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Rus_ich [418]
3 years ago
6

Why should a decision maker care about opportunity cost when choosing amongst alternatives?

Business
1 answer:
Karolina [17]3 years ago
8 0
A decision maker should pay attention to opportunity cost because it is essential to financial discussion making. Opportunity cost is giving up something(s) for another thing. Therefore, weighing the pros and cons of each choice is important.
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A teenage driver crashes her​ parents' minivan into an office​ building, causing​ $85,000 in damage to the building. The automob
bulgar [2K]

Answer:

The driver will pay $10,000, because the insurance company can pay max $75,000 as regulated in term "insurance limit 100/250/75"

Explanation:

the insurance limit 100/250/75 coverage, which translates into $100,000 coverage per person for bodily injury, including death, that you cause to others; $250,000 in  bodily injury per accident; and property damage up to $75,000.

7 0
4 years ago
Alisha appears to be overconfident which makes her unapproachable to her employees. Which negative quality is she displaying?
Otrada [13]

Answer: overbearing or self-assurance

Explanation:

8 0
4 years ago
Newport Industries is one of the first producers of a unique consumer product. The company has chosen a low-price strategy, hopi
VARVARA [1.3K]

Answer:

1. False

2. False

3. d. centralizing its decision making to better control its total quality management program

4. a.

5. True

Explanation:

1. Remember, a skimming strategy does the opposite–where a company chooses the highest possible price not the lowest price for their product when entering the market.

2. Indeed, this has impacted on production techniques in recent years. For example, from labour intensive car factories in the past we now have fully automated car factories that require very few workforce.

3. Remember, centralization results when there are fewer people in the line of authority. Therefore, if Brights Electronics decision to reorganize and significantly trim its middle management would result in centralized decision making and a better control its total quality management program.

4. Note that the promotional mix involves target based marketing, therefore each target market may have unique characteristics. And to attract each target market would involve establishing a promotional strategy that can reach multiple targets rather than developing a separate promotion mix for each target group.

5. An inverted organization is one that has a reversal from the normal line of authority found in most organization. Instead of top to bottom it now bottom to top. This implies that the manager who normally would play major role in deciding strategies to be taken doesn't, but the bottom line employees performs that responsibility. Thus, School Days Center can be rightly called an inverted organization.

4 0
3 years ago
An American marketing research company wanted to use a survey to determine if it was feasible to build shopping centers in sever
Alekssandra [29.7K]

Answer:

decentering

Explanation:

From the question we are informed about An American marketing research company who wanted to use a survey to determine if it was feasible to build shopping centers in several countries. Since all of the countries spoke a different language, the company used two translators for each country—one to translate it into the native language, and one to translate it back into English. The original document was revised repeatedly until the translated version matched it in meaning. This describes the process of decentering.

Decentering can be regarded as a central change strategy which involves Mindfulness-Based Cognitive Therapy, it entails a process of stepping outside of mental events of individuals which could leads to non-judging stance as well as objective towards the self

6 0
3 years ago
You want to purchase a new condominium that costs $287,500. Your plan is to pay 25 percent down in cash and finance the balance
Mama L [17]

Answer:

The monthly payment is $1,568.07  

Explanation:

The amount required to purchase the condominium is $287,500,however the amount of finance required is :$287,500-($287,500*25%)= $215,625.00  

The monthly mortgage payment required can be computed using the pmt formula in excel"

=pmt(rate,nper,-pv,fv)

rate is the payable on the mortgage on monthly basis which is 3.75%/12=0.003125

nper is the number of years of mortgage multiplied by 12 months since 12 monthly repayments are required in a year i.e 15*12=180

pv is the actual mortgage value is $215,625

fv is the future value of the mortgage and it is unknown

=pmt(0.003125 ,180,-215625,0)

pmt=$1,568.07  

6 0
3 years ago
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