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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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What is the formula for the receivables turnover ratio?.
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The formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

<h3>What is receivable turnover ratio?</h3>

The receivable turnover ratio is what measure the number of times over a given period that a company collects its average account.

It is the number of times per year that a business collects its average accounts receivable.

Hence, the formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

Learn more about receivables turnover ratio here : brainly.com/question/24849094

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2 years ago
Nikolai knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does n
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The correct answer is letter "D": if all else fails, slow the spread of bad practice.

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Evidence-based management is a critically thought-provoking approach to decision making. This practice has the following principles: treat your organization as an unfinished prototype; <em>no brag, just facts; see yourself and your organization as outsiders do; evidence‐based management is not just for senior executives; like everything else, you still need to sell evidenced‐based management; if all else fails, slow the spread of bad practices; and questioning what happens when people fail? </em>

In front of a problematic situation, the "if all else fails, slow the spread of bad practices" is used when the consequence of an action is likely to be negative, but usually represents an order in the relationship of a principal-agent. The agent then carries out the necessary procedure as slowly as possible to prevent an unexpected reaction.

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Answer:

e. strategic alliance

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Strategic alliance -

It refers to a type of mutual agreement between two companies to get mutually benefited by a common project , is referred to as strategic alliance .

It is different from that of a joint venture , where the two individuals merge their resources to start a new project .

But in case of a strategic alliance the agreement between the two parties is not very complex.

The agreement can be short term as well as long term  .

The agreement is signed in order to expand into the new markets .

Hence , from the given information of the question ,

The correct option is e. strategic alliance .

8 0
4 years ago
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