1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna71 [15]
3 years ago
8

1} When making decisions regarding the use of resources, options NOT chosen are known as which of the following?

Business
1 answer:
Trava [24]3 years ago
6 0

Answer: The answer is C opportunity cost of the option chosen

Explanation:

Human want are numerous while the resources to satisfy them are limited in supply. Because of the scarcity of resources this informed the use of scale of preference to rank our want in their order of preference. Then arise the concept of opportunity cost ,opportunity cost is the value of benefit sacrifice in favour of an alternative course of action in the sense that the acceptance of one option will automatically lead to the rejection of the second option. It is the cost of doing anything that could have been obtained if that particular decisions has not been taken. The return forgone from its use is the opportunity cost.

You might be interested in
A resource is ______ if the number of firms that possess it is less than the number of firms required to reach a state of perfec
Savatey [412]

Answer:

Rare

Explanation:

hope this helps :)

5 0
2 years ago
Which of the following is a variable expense?
Neporo4naja [7]

Answer:

car insurance

Explanation:

6 0
2 years ago
Read 2 more answers
Discuss why South Africa as a country has a scarcity of skilled workers, and how this can be changed more especially in terms of
FromTheMoon [43]

South Africa, as a country still experiences a scarcity of skilled workers.  This should not be, given the country's population size.

<h3>What is the scarcity of skilled workers?</h3>

The scarcity of skilled workers means that South African companies cannot attract the manpower they need to power the South African industry and economy.

However, this scarcity can become a thing of the past if many more South African companies can start investing in the education sector by giving out scholarships, grants, and endowing academic chairs in the universities.

This was how the economy of the United States was enabled to flourish until today.  South African companies can emulate their footsteps.

Thus, South Africa, given its enormous population, has no business experiencing a scarcity of skilled workers.

Learn more about the scarcity of skilled workers at brainly.com/question/1787954

5 0
2 years ago
Gulliver, Inc., which uses a process-costing system, transfers completed production from Department no. 1 to Department no. 2 fo
12345 [234]

Answer:

d. Work-in-Process Inventory: Department no. 2.

Explanation:

The profuct is Transferred from Department 1 to Department 2. The cost in in the work in process of Department 1 which will be trasnferred to next department.

Following Journal entries will be recorded for this event.

                                                                                   Dr.       Cr.

Work-in-Process Inventory: Department no. 2.      xxx

Work-in-Process Inventory: Department no. 1                    xxx

5 0
3 years ago
Angor, a manager at Primely Co., is asked by his manager to rate his subordinates' performances. He needs to rate 30 employees o
kvv77 [185]

Answer:

Leniency

Explanation:

In business, leniency refers to a of mistake that occurred when you do not take instruction from your superior or client too seriously.

Typically, this will resulted in a confrontation since the one who pay for your labors believed that you just take their money without wanting to provide good results.

In the example above, from 30 employees, Angor rate 25 of them with an exact same rating. (8 from possible 1-10). This will most likely occur because Angor did not really use a strong/proper requirements for the scoring.

8 0
3 years ago
Other questions:
  • Teams generally have which of the following effects on stereotypes and biases in the workplace? a. Teams will reduce communicati
    15·2 answers
  • Which amendment to the U.S. Constitution provides the protection of due process of law and protection from having to testify aga
    14·1 answer
  • after an unsuccessful attempt to train her puppy one morning sharon the office manager scolds her assistant when she arrives for
    6·1 answer
  • According to the network model proposed by collins and quillian, common characteristics that different breeds of dogs share (e.g
    5·1 answer
  • Which of the following forms of business structure provides limited liability for the personal assets of the owners? a. sole pro
    14·1 answer
  • At Bayside Financial, where you work as a project manager, you have been asked to conduct user training sessions for a new infor
    10·1 answer
  • Which statement best explains the law of demand?
    9·2 answers
  • During industrialization, smaller businesses struggled to compete with large corporations because small businesses
    5·1 answer
  • A professional sports team that earns more annual revenue than a small-market team is a _____________, fill in the blank,.
    9·1 answer
  • There was a traffic accident on your usual route to work this morning, so you decide to get off the freeway and drive the rest o
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!