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Triss [41]
3 years ago
5

Rob Redbird is interested in attending a concert next weekend. Unfortunately, he is scheduled to work. If he finds a substitute

for his shift so he can attend the concert, what kind of cost is he incurring?
Business
1 answer:
telo118 [61]3 years ago
8 0

<u>Full question:</u>

Rob Redbird is interested in attending a concert next weekend. Unfortunately, he is scheduled to work. If  he finds a substitute for his shift so he can attend the concert, what kind of cost is he incurring?

A. Fixed

B. Opportunity

C. Unexpected

D. Unavoidable

E. Tangible

<u>Answer:</u>

He incurring is Opportunity kind of cost

<u>Explanation:</u>

Opportunity costs describe the gains a somebody, investor or business craves out on when picking one choice over another. Analyzing opportunity costs can manage you in exceeding profitable decision-making. Bottlenecks are frequently a case of opportunity costs.

The most fundamental description of opportunity cost is the cost of the subsequent most immeasurable thing you could have accomplished had you not obtained your primary option. Opportunity cost examination also operates a vital role in preparing a business's capital building.  Opportunity costs are universally and transpire with every decision made, huge or little.

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Institutional investors are large investors who invest their own money as well as other people's money. Examples of these institutions include pension funds, mutual funds, insurance companies, and banks.

<h3>What do you mean by institutional investors?</h3>

A business or organization that makes investments on behalf of customers or members is known as an institutional investor. Examples of institutional investors include endowments, mutual funds, and hedge funds. Institutional investors are frequently under less regulatory scrutiny and are thought to be savvier than the common investor.

Institutional investors come in a variety of forms, including banks.

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4 0
1 year ago
Morgan Company's budgeted income statement reflects the following amounts: sales Purchases Expenses January $121,000 $79,000 24,
lana66690 [7]

Answer:

$115,250

Explanation:

The computation of the budgeted cash receipts in February month is shown below:

= Sales collected in February month + sales collected in January month - balance in accounts receivable

where,

Sales collected in February month equals to

= $111,000 × 50%

= $55,500

Sales collected in January month equals to

= $121,000 × 25%

= $30,250

And, the balance of accounts receivable

= $59,000 - $29,500

= $29,500

Now put these values to the above formula  

So, the value would equal to

= $55,500 + $30,250 + $29,500

= $115,250

3 0
3 years ago
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Select th
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Do i need or want it?
is it affordable and in my budget?
have i weighed out my other options and shopped around?
7 0
4 years ago
Roselyn works for an event management company. her latest project as a party planner is a corporate event. she delegates tasks l
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4 years ago
Karen usually does not spend much time selecting gifts. However, when choosing a fountain pen for her husband's birthday this ye
Mamont248 [21]

Answer:

Option d: situational involvement

Explanation:

Types of Involvement

Product Involvement; message involvement, situational involvement

Product involvement

In this stage of involvement, consumer's level of interest in product is largely based on perceived risk and application to daily life. This is simply known as a product category that is of high personal relevance.

Message involvement

This is simply the effects the media has on consumers such as high involvement is equal to high cognitive effort required (newspaper) while low-involvement equal to low cognitive.

Situational Involvement

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