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3 years ago

Select the answer that best describes opportunity cost:

Business

2 answers:

Lapatulllka [165]3 years ago

5 0

The best option that describes opportunity cost is:

C. What you gain as a result of choosing one option versus another; a benefit.

Opportunity cost is defined as the loss of a potential gain from another alternative being chosen. The best option is C, because it mentions what you gain and benefit from chosing something over another. Most people have opportunity costs in their life daily, but do not realize that they are constantly making these types of decisions.

Zanzabum3 years ago

4 0

(C. What you gain as a result of choosing one option versus another; a benefit.)
It would be C, because if it's an opportunity then that means it's going to benefit you, your gaining a resource in your business.

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Since the 1970s, the largest area of job growth in the United States has been in the ______ sector; areas such as banking, healt

JulsSmile [24]

The largest area of job growth in the United States has been in the service sector.

<h3>What are the service sectors?</h3>

The service sector is commonly known as the tertiary sector. It is also known to be the third tier in the three-sector economy.

An Examples of service sector jobs are housekeeping, nursing, etc. The Service industries is made up of:

Banking
Communications
Wholesale and retail trade, etc.

Conclusively, The largest area of job growth in the United States as at 1970s has been in the service sector.

Learn more about service sector from

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2 years ago

Cash donations to public charities are limited to % of a taxpayer's AGI. Donations of capital gain property to public charities

Blababa [14]

Answer:

Cash donations to public charities are limited to % of a taxpayer's AGI? Cash donations can be deducted to a maximum of 60% of your AGI.

Donations of capital gain property to public charities are generally limited to % of a taxpayer's AGI? If you hold the assets (whether stock or property) for more than one year, donations can be deducted (at fair market value) to a maximum of 30% of your AGI.

Donations of certain capital gain property to private non operating foundations are limited to % of AGI? When you donate short term capital gain property to private non operating foundations you can deduct up to 30% of your AGI.

3 0

3 years ago

Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order

AleksandrR [38]

Answer:

1. Throughput Time = 9.2 days

2. Manufacturing Cycle Efficiency = 29%

3. 71% throughput time was spent in non value added activities.

4. Delivery Cycle Time = 25.8 days

5. New MCE = 57%

Explanation:

Given

Inspection time 0.7 days

Wait time 16.6 days

Process time 2.7 days

Move time 1.3 days

Queue time 4.5 days

1. The throughput time is calculated by adding all time except the wait time.

I.e.

Throughput time = Inspection time + Process time + Move time + Queue time

Throughput Time = 0.7 days + 2.7 days + 1.3 days + 4.5 days

Throughput Time = 9.2 days

2. Calculating the manufacturing cycle efficiency.

Manufacturing Cycle Efficiency is calculated by dividing value added time by throughput time.

Where the value added time = the process time = 2.7 days

And throughput time = 9.2 days (calculated in (a) above)

Manufacturing Cycle Efficiency = 2.7 days ÷ 9.2 days

Manufacturing Cycle Efficiency = 0.2934782609

Manufacturing Cycle Efficiency = 29.34782609%

Manufacturing Cycle Efficiency = 29%

3. Calculating the percentage of the throughput time was spent in non–value-added activities.

This is calculated by subtracting MCE calculated above from 100%

% throughput time = 100% - 29%

% throughput time = 71%

So, if 29% throughput time was spent in value added activities, 71% throughput time was spent in non value added activities.

4. Calculating the delivery cycle time.

This is calculated by adding the wait time to throughput time.

i.e.

Delivery Cycle Time = Wait Time + Throughput Time

Where Wait Time = 16.6 days and Throughput Time = 9.2 days

Delivery Cycle Time = 16.6 days + 9.2 days

Delivery Cycle Time = 25.8 days

5. Calculating new MCE.

Here, we'll used the same formula used in (2) above

i.e

Manufacturing Cycle Efficiency is calculated by dividing value added time by throughput time.

Where the value added time = the process time = 2.7 days

But throughput time will be calculated as

Throughput time = Inspection time + Process time + Move time (because of the elimination of all queue time)

Throughput Time = 0.7 days + 2.7 days + 1.3 days

Throughput Time = 4.7 days

So, New MCE = 2.7 days ÷ 4.7 days

New MCE = 0.5744680851

New MCE = 57.44680861%

New MCE = 57%

6 0

3 years ago

Read 2 more answers

Which of the following is not a characteristic of money?

Llana [10]

Answer:

This question is incomplete, here are the missing answers:

a. medium of exchange

b. unit of account

c. backed by a precious metal

d. store of value

The answer is c.

Explanation:

Money has three general functions (characteristics):

- medium of exchange - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.

- unit of account - In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.

- store of value - Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.

According to basic elimination, c. is the correct answer. Also, it is also known that backing money with gold or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called fiat money.

7 0

3 years ago

Is paper a natural resource or capital good?

alex41 [277]

Answer:

capital goods

Explanation:

becos it is raw material that is use to making papers

3 0

3 years ago