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matrenka [14]
3 years ago
8

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

Business
1 answer:
lozanna [386]3 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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Suppose during the course of a year an economy produces $7 trillion of consumer goods, $1 trillion of investment goods, $5 trill
In-s [12.5K]

Answer:

D) $12 trillion.

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption + Investment + Government Spending + Net Export

Net Export = Export - Import

Net Export = $1 - $2 = -$1

GDP = $7 + $1 + $5 - $1 = $12

All calculations are in trillion

I hope my answer helps you.

4 0
3 years ago
Your credit card company charges you 1.43 percent per month. What is the APR on your credit card?
dsp73

Answer:

APR is 17.16 percent

Explanation:

APR means annual percentage rate and is calculated annually.

APR = 1.43 percent * 12 months = 17.16 percent

3 0
3 years ago
As the president of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
docker41 [41]

Answer: Option B  

Explanation: In simple words, Information management refers to the governance of the information assets of the organisation.

Under this, the managers collects the information,that is useful to various stakeholders, from several different resources and then distributes it those stakeholders.

In the given case, Kristin is also managing the information that is useful to the organisation.

Hence the correct option is B.

4 0
2 years ago
All of the following statements regarding leases are true except _______.
dalvyx [7]

Answer:

I think its D

Explanation:

Hpe this helps.

8 0
3 years ago
Kooky Cookies Corporation purchased the Crazy Cookie Company. Although this was initially an acquisition, the merging of these t
WINSTONCH [101]

Answer:

The answers are Horizontal and Vertical respectively.

Explanation:

Horizontal integration refers to the expansion strategy adopted by the corporations which involves acquisition of one company by another company where both the companies are in the same business line and at same value chain supply level, whereas, Vertical integration refers to the expansion strategy adopted by the corporations where one company acquire another company who is at the different level, usually at the lower level of its value chain supply process.

3 0
2 years ago
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