Answer:
The wholesale cost for the pianos that Darnell pays the manufacturer - explicit cost
The salary Darnell could earn if he worked as an accountant - implicit cost
The wages and utility bills that Darnell pays - explicit cost
The rental income Darnell could receive if he chose to rent out his showroom.-implicit cost
Explanation:
Explicit cost includes the amount expended in running the business.
They include rent , salary and cost of raw materials
Explicit cost is used in determining accounting profit
Implicit cost or opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Implicit cost is used in determining economic profit
If Darnell didn't use his showroom, he could have rented it out. Renting it out is his next best option that was forgone. Thus, it is an implicit cost
If Darnell didn't start his business, he could have been working as an accountant. The amount he could have earned as an accountant is his implicit cost
The method for improving strategic decision making involves having a separate team or individual carefully analyze and critique the underlying assumptions and potential downsides of a proposed course of action is called as Devils Advocacy.
<h3>What is Devils Advocacy?</h3>
Devils Advocacy refers to the method in which the person provokes the other person to have arguments and debate with the other. It is done to test the other person strength to make the strong arguments.
It can be done for the right decision when to correct the thinking of the other person also to have the racial approach to the situation.
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Alternative workplaces are intended to enhance employee motivation and performance.
<h3>What is alternative workplace?</h3>
Alternative workplace are provisions made b a company to its employees, to carryout their routine duties other than their normal offices. This tends to give freedoms to workers in carrying out their duties.
The purpose of alternative workplace is to break the bond between workplace and work performance.
Hence, alternative workplaces are intended to enhance employee motivation and performance.
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The options where it is most appropriate to quote from the original email are;
Option A - To make changes to a distributed meeting agenda;
Option B - To suggest changes to the new proposed office budget
Option C - To confirm participation on a new project.
<h3>Why is it important to quote from an original email?</h3>
Quoting or citing or replying to an original email helps to ensure the following:
- That the text being sent as a reply is considered within the context of the original one
- To provide room for reinforcing previously sent communication
- To allow for comparison of related text
- To allow corrections to a referenced idea
- To allow reference to an original thought or idea.
<h3>What is a quote?</h3>
To quote means to reference anything as proof. Quote may also be used as a verb and a noun. To quote something or someone means to repeat exactly what they said or to recite exactly what is written in a book.
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Full Question:
For each of the following, indicate whether you would quote from the original e-mail in your response. (Select all that apply)
A) To make changes to a distributed meeting agenda
B) To suggest changes to the new proposed office budget
C) To confirm your participation on a new project
D) To start a new discussion about getting extra resources for a project
C. Which option will maximize the family’s after-gas wealth?
