Answer:
The opportunity cost of the event $21.
Explanation:
Opportunity cost is the loss of alternative when someone chooses an alternative.
Number of Hours = 3 hours
Earning per hour = $7
Total opportunity cost = $7 x 3
Total opportunity cost = $21
As Max has to bear the loss of $21 earning when he goes to the event in the museum. So this is his opportunity cost.
Answer:
Rational is based on the logical preference. Being irrational does not means that the choice is made based on monetary preference. It is more logical than monetary.
Explanation:
The two friends took same courses in college but after the completion of college degree one decides to go for MBA and other pursues PhD in English. The expected earnings of MBA are higher than PhD but one of friend who chooses the PhD has not considered the logical decision making based on money. He might have chose the PhD because he is more interested in becoming a professor rather than a business professional.
Answer:
37.2%
Explanation:
Payout ratio is the rate at which a firm distributes its net income. The payout ratio can be calculated as;
Payout Ratio = Dividends declared / Net Income
Payout ratio = $74,400 / $200,000 = 37.2%
Dentaltech Inc. has payout ratio of 37.2%
Answer:
The answer is a
Explanation: hope this helps :)
Answer:
The correct option is A, co-opetition
Explanation:
Co-opetition derives its root from competition and co-operation.It refers to an arrangement where competing firms co-operate towards achieving a common goal like the case of two two automobile manufacturers are likely going to be in direct competition with each co-operating in order to develop a hybrid technology expected to benefit both.
Hence option C is obviously wrong as competition is just one side of co-opetition which also includes co-operation
Strategic alliance lacks an element of competition,hence it is also wrong, same applies to collaboration.
Finally, business strategy is generic in nature so it is out of context.