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matrenka [14]
4 years ago
8

Which of the following is an implicit cost in Jim's business venture?

Business
1 answer:
lozanna [386]4 years ago
3 0

Answer:

D) i and iii

Explanation:

Implicit cost refers to economic costs that are not directly attributed to the business but are nevertheless important in making informed decisions. In this case the opportunity costs are implicit cost. They are:

  • Salary forgone which should have been earned at another job, and
  • Interest lost from savings account.  
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A firm's strategic choices and leadership approaches need to: a. be rigid and concrete to be effective. b. adapt and change to r
pantera1 [17]

Answer:

This question is incomplete, there are two options that remain missing. The complete options are the following:

A) Be rigid and concrete to be effective.

B) Adapt and change to retain their relevance.

C) Be independent of each other.

D) Steer clear of cultural and socioeconomic influences.

And the correct answer is the option B: Adapt and change to retain their relevance.

Explanation:

To begin with, when it comes to terms of leadership and strategic choices the managers of a company or its members who are the ones responsibles for those matters need to understand that both of those concepts have always to be adaptative and flexible in order to retain the relevance that they have in company and its environment. And that is mainly because the context of the organization is always changing and the leader must be updated with all the new ways to take action and therefore to change the strategic choices that he might choose while taking the decision making process.

6 0
3 years ago
Many socialist nations in Europe are forced to use the "value-added" tax concept to raise money that is desperately needed to su
enot [183]

Answer:

paid by consumers

Explanation:

Value added tax is a small sum of money that is added on top of the price of a service. For example, I go to a grocery to buy Washing powder which costs me lets say 10 bucks. I will have to pay VAT on the 10 bucks. the vat is a small percent added on the price so here, assuming the VAT is 10%, I will have to pay 10% of 10 bucks PLUS the original 10 bucks so in total it will be 11 bucks.

Hopefully you understand ahaha

3 0
3 years ago
Stress, both good and bad, is a part of life.
stepladder [879]

Answer:1 it helps you lead a healthier life 2 stress causes so many ailments it greatly affects your mental health but it also affects you physically aches and pains

Explanation:

8 0
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You need to modify your questions
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