Answer:
Implicit Imputed opportunity cost of time sacrifised while airport drop .
Explanation:
My friend asking me to drop at airport, & paying costs : gas used while driving, parking cost of car - has excluded certain price giving aspects.
He has included all the Explicitly quantified costs , whose payment is made to third person - like fuel & parking.
However, he has not included the implicit cost in terms of opportunity cost i.e other things sacrifised while going to drop him. Such costs payment is although not directly made to third person, but they still reflect a 'cost' as they reflect a gain sacrifised meanwhile.
In this case, it includes time sacrifised while going to drop friend at airport. That time could be used at work, which could have monetary benefits. So, this cost is eliminated to be evaluated by my friend.
Answer:
True
Explanation:
If the total output of the economy does not change and the change in the money supply directly affected the changes in the price level, then the increase in the money supply will simply increase the inflation rate. For example, if the economy produced 100 units at $1 per unit, and the total money supply increases by 5%, the price of the units will increase to $1.05, but the total output will still be 100 units. The only thing that changed was a decrease in the relative value of the currency due to an increase in the inflation rate.
Answer:
An overdraft is an extension of credit from a lending institution that is granted when an account reaches zero. ... Basically, an overdraft means that the bank allows customers to borrow a set amount of money. There is interest on the loan, and there is typically a fee per overdraft
hope it will help you...
Answer:
Jaxon Furnishings Company Vs Logging Opportunities in Alaska
Comparison of the benefits of increased wood production to the costs of deforestation:
The company is using the __environmental sustainability___ approach to make this ethical decision.
Explanation:
According to brittanica.com, environmental "sustainability is understood as a form of intergenerational ethics in which the environmental and economic actions taken by present persons do not diminish the opportunities of future persons to enjoy similar levels of wealth, utility, or welfare."
An approach to an ethical decision is sustainable when it considers the long-term benefits and costs associated with the decision, instead of concentrating on the short-term benefits as some business transactions are done. Short-termism selfishly considers the immediate gains from a transaction. It lacks a futuristic appetite for the good of future generations.
Answer:
What are the three basic categories of control? Educational/awareness, physical, supervision 5. How do you implement controls? Ensure controls are communicated to those involved in the activity.
