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yulyashka [42]
3 years ago
5

James employs an apprentice in his guitar store who gets firsthand knowledge of craftsmanship and the process involved in becomi

ng a professional luthier. This allows James to have a reliable hand who can assist him in his work without requiring him to hire a professional luthier. It also enables him to use his financial resources on procuring high-quality materials to make the guitars. The opportunity of _____ is highlighted in the given scenario.
Business
1 answer:
MrRa [10]3 years ago
3 0

Answer: Having lower opportunity costs.

Explanation: Opportunity cost can be defined as the cost of next best alternative foregone. In this case, James is saving his money by taking work of a professional from a new recruit also he gets the opportunity to procure high quality materials which he was earlier not able to. Thus, he is saving a major portion of income because of a less costly alternative available.

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The local grocery store expects that customers will use credit cards to pay for a total of 30 comma 000 sales transactions durin
kkurt [141]

Answer:

Budgeted operating expense for Credit Card transactions:

Credit Card Transaction fee $0.20 x 30,000 + 1.5% of $9,000,000 = $141,000

Explanation:

The first element of the budgeted expense is $0.20 of 30,000 transactions.  This gives a value of $6,000.

The second element is 1.5% of the transaction value.  This gives a value of $135,000.

When added up, we have a total of $141,000 as the total expense to be budgeted for credit card transactions.

The essence of having such separate charges is to capture the volume of transactions as well as the value.  Transaction-based services are usually priced to include costs based on volume and value.

It is generally considered to be fair for the two parties involved.  Sometimes, the volume may be less but the value more and vice versa.  In order to compensate the service provider fairly, such arrangements are made to integrate volume and value in the pricing scheme.

6 0
4 years ago
During a recession, a number of workers have their hours reduced by their employers. All else the same, the unemployment rate wi
iogann1982 [59]

Answer:

<h2>The answers in this case are <u>will remain unchanged</u> and <u>will remain unchanged </u> respectively.</h2>

Explanation:

  • In this case,due to a recession the overall hours of work worked by individual employees or staff are reduced by the employers.
  • Now,note that it has been mentioned that everything else or every other factor or component in the economy is constant in the economy and thus,unaffected by the recession.
  • Therefore,it can be reasonably assumed that the unemployment rate will remain the same as there has not been any worker expulsion or layoffs as a result of the recession based on the information provided in the question.
  • Furthermore,the labor force participation will also presumably remain unchanged as there has been no change in the existing working or employed labor force and/or in the overall population level based on the information presented.
8 0
3 years ago
What are the main profession in nepal ?name them​
LuckyWell [14K]
Agriculture, trade, raising livestock
8 0
3 years ago
Which of the following is a Web 2.0 technology?
shtirl [24]

Answer:

flame is now new in tech world..

7 0
3 years ago
Do some research on the country of Ethiopia and discuss:
Ad libitum [116K]

Answer:

Response to Ethiopia questions.

Explanation:

1. Who in the Ethiopian society has the most difficult time dealing with scarcity?

The poor and uneducated ones have the most difficult time dealing with scarcity

2. What do they need most?

They need access to the basic amenities of life (good roads, steady power supply, low cost housing scheme and food).

3. How can their society provide for their wants and needs?

By paying attention to the above mentioned basic amenities of life and by setting up schemes that would mitigate for these deficiencies, the society will be providing for their wants and needs..  

4. Why are they so impoverished?

Impoverishment is a relative word, but in this context, it is associated with poor leadership and management.  

5. What can their governments do to help, or hinder their country's development?

As earlier mentioned, the government needs to guarantee the provision of basic amenities of life and to develop empowerment structure that would engage them the more.  

6. Could Ethiopia become a world-class producer and exporter of goods?

Certainly, with good leadership and an enable environment, Ethiopia could become a world-class producer and exporter of goods.  

7. How would Ethiopia compare with Japan?

Ethiopia is richly endowed with natural resources that could generate income, unlike Japan that has none.  

8. Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two countries?

The difference is in the system of government and the provision o an enabled working environment that encourages self-discovery and industrialization.  

8 0
3 years ago
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