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sergejj [24]
3 years ago
7

Saturday afternoon you can either attend a street festival, work and earn $100, or study for your midterm exam. You flip a coin

between the street festival and studying, but did not really consider working. The coin flip determined that you would stay home and study. The opportunity cost of the time spent studying includes: Multiple Choice 1) the time you spent deciding upon using a coin flip to determine your Saturday afternoon activity 2) the benefit that could have been received at the street festiv 3) earning a high score on your midterm.
Business
1 answer:
Alik [6]3 years ago
5 0

Answer:

The opportunity cost of the time spent studying includes: 2) the benefit that could have been received at the street festival

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  It represent the <u>benefits that you misses out</u> on when choosing one alternative over another.  

In this case,  the cost of opportunity is the  benefit that could have been received at the street festival,  because that is the option you leave behind.

Earning a high score on your midterm is the product of your decision

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Yes. Companies should be protected by tariffs.. why?
Reptile [31]

Answer: See explanation

Explanation:

A tariff is a tax that the government imposes on either the imports or the exports of products or sevices.

Apart from the fact that tariff is a way of generating revenue by the government, tariffs help protect the domestic industry. This is because tariffs increases the price of imported goods.

Since there is an increase in the price of the imports, consumers tend to buy from the local manufacturer since their products tend to be cheaper when compared to the imports. This gives an edge to the domestic companies.

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3 years ago
Explain how companies choose employees to consider for promotion.
lakkis [162]

Answer:

Employers will look to see which workers are applying themselves. They want workers who are flexible, have good attitudes, are loyal to their company, practice good judgement, and are unselfish. Workers who go out and do work that is not formally assigned to them and expand the scope of their responsibilities are rewarded with promotions. Workers who maintain extensive professional networks and learn new skills are also prime candidates for promotion.

Answer from the person who asked the question.

4 0
3 years ago
Read 2 more answers
Facing and resolving ethical dilemmas is challenging. However, ethical guidelines, combined with self-examination, can help you
ehidna [41]

Answer:

<em>The correct answer is:</em> How would you feel if your family or coworkers learned of your action?

Explanation:

The self-awareness exam will assist in facing and solving ethical dilemmas that a professional may face in the work environment. It is necessary for an organization to have well-established guidelines and policies that support ethical attitudes, in addition to a culture aimed at developing ethical attitudes regardless of the hierarchical position in the company.

Therefore, the question that could help a professional to make good ethical decisions would be: How would you feel if your family or co-workers knew about your action?

This would be the ideal question, since the family is the social structure most valued by individuals and it is in the family where one learns the first ethical values ​​that the person will bring to their social and professional life. Relationships with co-workers are also important in this scenario, since it is common for professionals to want to be well regarded and related in the work environment and to maintain a responsible and positive attitude towards collaboration with the company's organizational culture.

4 0
3 years ago
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal
Xelga [282]

Answer:

Madison Corporation

The contribution margin per composite unit for the current sales mix is:

= $26.

Explanation:

a) Data and Calculations:

Products                    M            N            O

Current sales mix      3             1             2

Unit sales price      $16         $11          $13

Unit variable costs   10            9            10

Unit contribution    $6          $2           $3

Contribution margin per

composite unit    $18          $2           $6

=                      ($6 * 3)   ($2 * 1)    ($3 * 2)

b) The contribution margin per composite unit is computed as the addition of the contribution margin per composite unit for each product.  Each product's contribution margin per composite unit is calculated as the contribution per unit multiplied by the sales mix for each product.

5 0
3 years ago
Multiple Choice Question 121 The following information pertains to Ortiz Company. Assume that all balance sheet amounts represen
olasank [31]

Answer:

Inventory TO 5.5

This means Ortiz sales his inventory 5.5 times per year.

Explanation:

Inventory turnover for Ortiz

\frac{COGS}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

COGS:     66,000

In this case the average inventory is provided already: 12,000

\frac{66000}{12000} = $Inventory Turnover

Inventory TO 5.5

This means Ortiz sales his inventory 5.5 times per year.

5 0
3 years ago
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