<u>Full question:</u>
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.
Select the correct answer below:
a)economies of scale
b)budget constraint
c)opportunity cost
d)opportunity set
<u>Answer:</u>
His friend is referring to the opportunity cost
<u>Explanation:</u>
Opportunity costs describe the gains a person, investor or company drops out on when picking one choice over another. The cost of practicing something is previously the cost of the highest-valued alternative use. Bottlenecks are frequently a condition of opportunity costs.
The method for determining an opportunity cost is solely the contrast within the expected returns of any option. Estimating opportunity costs can lead you to more effective decision-making. Opportunity cost examination also performs a crucial role in preparing a business's capital structure.
<span>C.) The amount of money earned in a week being invested in new book purchase
Hope this helps!</span>
Answer: Gemma took a <em>values inventory </em>in her career explorations class. This indicated to Gemma that money and status may mean a lot to her, but she also finds it healthy to maintain a work-life balance. The correct answer is B.
Explanation:
A values inventory is commonly given in school to help a student with their career goals. They are usually given a personality inventory, an aptitude assessment, and an interest inventory.
The values inventory worksheet has two separate sets of questions about life values and work values. On this worksheet, the student must choose from the columns of "must have, would like, and least important."
A few of the life values a student has to choose from are listed below.
1.) Being Healthy as can be.
2.) Having a happy family life
3.) Having a high status and prestige
4.) Having material possessions in life.
A few of the work values a student has to choose from are listed below.
1.) Being a leader at work.
2.) Working as a team member.
3.) Having experiences that are creative.
4.) Having job security.
Answer:
c. "My action provides financial security for my family."
Explanation:
This question can be understood based on the assumption that whoever commits a misconduct in the workplace and presents an unethical behavior, is generally looking for a common rationalization to justify their misconduct, like all other alternatives in the question, as it is It is common for individuals to justify negative behavior by softening their actions, as in "My behavior is not really illegal or immoral." Or hiding their actions as much as possible or even justifying themselves as if their behavior was in the interests of others, even if this was unethical.
An unusual rationalization is therefore the letter c, as it is not the most common option to involve the family in unethical behavior at work, because it wants to protect the family's image or does not want to demonstrate that it needs inappropriate behavior to provide financial security for the family.
An addition on the book side would this information be included on the bank reconciliation.
Explanation:
A bank reconciliation is the method of comparing a cash account with the same details on a bank report on the assets of an individual. The aim of this step is to assess the gaps between the two and to make some adjustments to the accounts. The financial statement details is the bank's database of all transactions in the last month involving the company's bank account.
The key method for a bank reconciliation is to continue at the conclusion of the bank's cash balance, to offset any transfer transfers from the business to the bank, to delete any checks not approved from the bank and to add or subtract all other things.