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AnnyKZ [126]
4 years ago
6

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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Regarding the statute of limitations on additional assessments of tax by the IRS, select the applicable date in each of the foll
-Dominant- [34]

Answer:

A) The income tax return for 2018 was filed on March 3, 2019. The three-year statute of limitations will begin to run on:

  • April 16, 2019 (the next day after the tax deadline)

B) The income tax return for 2018 was filed on August 13, 2019. The statute of limitations will begin to run on:

  • August 13, 2019 (the same day the taxes were filed)

C) The income tax return for 2018 was prepared on March 31, 2019, but was never filed. Through some misunderstanding between the preparer and the taxpayer, each expected the other to file the return. The statute of limitations:

  • If the taxes were not filed, then the statute of limitations cannot begin to run.

D) The income tax return for 2018 was never filed because the taxpayer thought no additional tax was due. The statute of limitations:

  • If the taxes were not filed, then the statute of limitations cannot begin to run.

3 0
4 years ago
The set of skills composed of understanding yourself, managing yourself, and dealing effectively with others is called
Ugo [173]
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8 0
4 years ago
If a nonbinding price floor is imposed on a market, then the
Svetllana [295]

if a nonbinding price floor is imposed on a market, then the quantity sold will stay the same.

Here are the options of this question:

  1. then the a quantity sold in the market will stay the same
  2. quantity sold in the market will decrease
  3. price in the market will increase
  4. price in the market will decrease

A price floor is when the minimum price for a good or service is set by the government or an agency of the government. Price floor is usually set for agricultural products. This is done to encourage suppliers of goods and services.

<u><em>Types of price floor</em></u>

  • Binding price floor: this is the price floor that is set above equilibrium price. When the price floor is binding, the supply of a good would increase.  

  • Non-binding price floor: this is the price floor that is set below equilibrium price. When the price floor in nonbinding, there would be no change in supply.

<u><em>An example:</em></u> If the price of a good is $10. The equilibrium price is $12. If the government sets the price as $14. This is a binding price floor. If the price is set below $12, it is a nonbinding price floor.

To learn more about price floors, please check: brainly.com/question/13335147?referrer=searchResults

5 0
2 years ago
Waygate's residential internet modem works well but is sensitive to power-line fluctuations. On average, this product hangs up a
Setler [38]

Answer:

a. In excess of .95

Explanation:

Waygate's residential internet modem works well but is sensitive to power-line fluctuations. On average, this product hangs up and needs resetting every 200 hours. On average about 45 minutes is needed to reset this product. What is this product's availability? In excess of 0.95

MTBF is 200 and MTTR is 0.75. This will leads to an availability of 0.996, so option a is the correct answer

a. In excess of .95

b.In excess of .8 but not in excess of .9

c.Not in excess of .75

d.In excess of .75 but not in excess of .8

e. In excess of .9 but not in excess of .95

7 0
3 years ago
The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going t
Brrunno [24]

Answer:

The correct answer is "Conflict between professionalism and commercialism".

Explanation:

  • As a professional service rather than partnership presents a condition that may impede the implementation including its independent review-this statement generates possible interest confliction as the impairment of the conclusion of the investigation contributes to the violation of conduct.
  • A professional service produces a condition that may well compromise impartial judgment - The journalistic integrity of an external auditor should not be compromised according to the standard prohibition claim. This can then cause friction.

So that the given statement refers to the above solution.

8 0
3 years ago
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