1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
egoroff_w [7]
3 years ago
12

A group of college students start a dog-walking service. At the end of the first month, they meet to discuss their business perf

ormance. Which statement reveals sound economic thinking in their analysis? A. We were profitable, because our total costs exceeded our total revenues. B. In considering our costs, we need to include what we could have earned by working at part-time jobs instead. C. The ethics of dog ownership need to be evaluated before proceeding with our business. D. The only relevant consideration is the total of our explicit costs. E. We want to continue to maximize the number of utils we gain as a business.
Business
1 answer:
Daniel [21]3 years ago
5 0

Answer:

B. In considering our costs, we need to include what we could have earned by working at part-time jobs instead.

Explanation:

When the group of college students include, in their analysis of costs, what they could have earned by working at part-time jobs instead, they are including the opportunity cost.

The opportunity cost is what is given up to do something: the cost of not choosing an alternative.

Including opportunity costs in their cost-benefit analysis reveals sound economic thinking.

You might be interested in
One good story leads to the larger picture, or the reverse. This is an example of structuring your speech by _____. Group of ans
Nonamiya [84]

Answer:

ascending or descending order

Explanation:

Depending on the preference of the speaker, target audience and other factors, the speaker can choose to structure or organize his speech in different ways. One way in which a speaker can employ in organizing his speech is in an ascending or descending order. Structuring of speech in an ascending or descending order involves choosing a quality or dimension of a subject matter and organize your speech along that dimension in a logical sequence which could be in an ascending or descending order. Starting with a good story that centers on quality and then progressing to a bigger picture which could include using figures, facts, and statistical tools in driving home the point.

3 0
3 years ago
Buckette co. owned 60% of shuvelle corp. and 40% of tayle corp., and shuvelle owned 35% of tayle. what is this pattern of owners
zzz [600]

Buckette co. owned 60% of shuvelle corp. and 40% of tayle corp., and shuvelle owned 35% of tayle. 

<span>This pattern of ownership is called a connecting Affiliation. This a type of mutual owner ship, like many people have their family business and have shares in the business. If a company of someone, who has his son and grandson and they are also have shares in that company or owned by percentage, this is mutual ownership and the pattern is connecting affiliation.</span>

6 0
3 years ago
All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided i
Vikentia [17]

Answer:

d. within the relevant range of operating activity, the efficiency of operations can change.

Explanation:

Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Generally, to use the cost-volume-profit analysis, financial experts usually make some assumptions and these are;

1. Sales price per unit product is kept constant.

2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.

3. All the units produced are sold i.e there is no change in inventory quantities during the period.

5. The costs accrued are as a result of change in business activities.

6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.

<em>Hence, the aforementioned are assumptions of cost-volume-profit analysis except that, within the relevant range of operating activity, the efficiency of operations can change.</em>

6 0
3 years ago
The fish in the river are consideredrival in consumption andexcludable whereas the fish in the private pond are and . In other w
Paladinen [302]

Answer:

... whereas the fish in the private pond are <u>rival in consumption</u> and excludable.  

... the fish in the river are an example of <u>common resource</u>, and the fish in the private pond are an example of <u>private good.</u>

<em>* the first sentence is wrong, the fish in the river are nonexcludable since anyone can fish on the river, or at least try to.</em>

Explanation:

If a good is rival in consumption, it means that if one person consumes it, it will lower the ability of another person to consume the good.

If a good is excludable, ten it can only be consumed by those that are willing and able to pay for it.

When a good is both nonexcludable and rival in consumption, it s a common resource.

A private good is both rival in consumption and excludable

5 0
3 years ago
Network Analytics Inc. (NAI) recently made a sale to a foreign trading partner, but the customer does not need to make a payment
emmainna [20.7K]

Answer:

The question is missing the options which can be found in the attached.

The correct option is banker's acceptance

Explanation:

Banker's acceptance is a guarantee by a bank to the exporting party to pay a sum of money at specific date.

In international business, exporters would require additional security against their receivable usually request for a banker's acceptance also known as bill of exchange.

The bank pays the exporter a discounted amount as agreed then chase the importer for the full value of the transaction.The difference between the discounted amount paid by the bank and the full value recoverable from the importer is the bank's margin.

4 0
3 years ago
Other questions:
  • Which type of cybercriminal attack would interfere with established network communication through the use of constructed packets
    12·2 answers
  • Clayton is asking his life insurance producer about any potential taxation issues related to his $100,000 personal Whole Life po
    10·1 answer
  • Cyberhost Corporation's sales were $225 million last year. If sales grow at 6% per year, how large (in millions) will they be 5
    9·1 answer
  • The new performance management system at the Long Island Jewish Medical Center (L.IJ.M.C.) was specifically designed to address
    11·1 answer
  • A person who offers a facilitation payment in order to secure a contract that will keep her company from going bankrupt and layi
    13·1 answer
  • If a firm with a positive net worth is operating its fixed assets at full capacity, if its dividend payout ratio is 100%, and if
    9·1 answer
  • May I have help with question 3 pleasem
    13·1 answer
  • Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion ma
    13·1 answer
  • Niat ny mau bikin dua akun tapi malah kesasar :(​
    14·1 answer
  • Morgan needs to hire someone to help implement a business intelligence system for her company. what type of professional would b
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!