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4 years ago

The term "opportunity cost" is best defined as:

Business

1 answer:

Wittaler [7]4 years ago

8 0

Answer:

4. the benefit associated with a rejected alternative when making a choice.

Explanation:

Opportunity costs refer to the foregone benefit as a result of choosing one option over the another. It is the value of the missed best alternative. For example, with $100, one can either watch a movie or have a meal. If having a meal is chosen, the joy derived from watching the movie is the opportunity cost.

Opportunity cost is occasioned by the scarcity of resources, including time. Individuals and firms have to make economic choices every day. The sacrificed benefit in every decision is the opportunity cost.

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Which of the law ideas might be created under the Elastic Clause?

lara31 [8.8K]

#1) Which of the law ideas might be created under the Elastic Clause?

Answer: First we have to understand that the Elastic Clause is a statement in the constitution, Clause in Article I, Section 8 of the Constitution that gives Congress the right to make all laws “Necessary and Proper”. Its interpretation has caused many debates regarding the bounds of Congress in passing laws that are not expressly covered in the Constitution. Out of all the options that are available the most likely to be created under the elastic clause is A) rules for approving foreign treaties.

I hope it helps, Regards.

6 0

3 years ago

Read 2 more answers

Managers at Flavors, a restaurant chain, train their employees such that in the absence of employees, someone trained in the sam

harkovskaia [24]

Answer: Job Rotation

Explanation:

Job rotation is referred to as a technique or method that used is by employers in order to rotate jobs assigned to their employees'. Employers tend to practice this method or technique for several no. of reasons. This was designed in order to promote the flexibility of the employees and thus keeping their employees interested in being employed with this organization.

3 0

3 years ago

An ordinary annuity selling at $4,947.11 today promises to make equal payments at the end of each year for the next eight years

Kryger [21]

Answer:

$812.49

Explanation:

Given that

Sale value of ordinary annuity = $4,947.11

Time period = 8 years

Interest rate = 6.50%

So by considering the above information, the annual annuity payment is

$4,947.11 = Annual annuity payment × Present value annuity factor at 6.5% for 8 years

$4,947.11 = Annual annuity payment × 6.0888

So, the annual annuity payment is $812.49

7 0

4 years ago

The payment of a note payable plus the accrued interest would be recorded in the

astraxan [27]

Answer:

The correct answer is A

Explanation:

Cash payments journal is the one which records the all the cash payments which is made by the business which involve the cash purchases of equipment, merchandise, supplies and payment to creditor.

So, the note payable payment in which the cash is received is recorded in the cash payment journal and also the accrued interest.

7 0

3 years ago

The statement "the quantity demanded of a product varies inversely with its price" is a definition of

Ivenika [448]

The correct answer that would best complete the given statement above would be the term LAW OF DEMAND. The law of demand states that the quantity demanded of a product varies inversely with its price, as long as other things do not change. Hope this answers the question.

7 0

3 years ago