All categories

4 years ago

The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest

Business

1 answer:

salantis [7]4 years ago

5 0

Answer:

a. Value.

Explanation:

The opportunity cost of a choice is the value of the opportunities lost.

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.

You might be interested in

Whether a deliberate choice by a leader, or ostracized by the organization, __________ are sequestered from the rest of the comp

tatiyna

The answer is D) Insulating teams – (example--the scientific team that developed the atomic bomb)


While the example of the atomic bomb is a bit of stretch many companies still use such internal tactics.

For example, companies in the creative industries, Research & Development, Deep Tech and Information Technology also work through insulating teams to protect intellectual property or whatever the outcomes of the project will be.

5 0

4 years ago

A customerâ€™s specification for weight of an antiseptic cream sold in plastic tubes is 4.00 ounces Â± 0.02 ounces. The target p

nasty-shy [4]

Answer:

Cp = 1.667

Cpk = 1.25

The filling process will deliver the customer's specifications since Cp > 1 and Cpk > 1

Explanation:

Given data:

Customer Specification 3.98 4.02

Process Average 4.005

Process Standard Deviation 0.004

Calculate the Cp and Cpk values

Cp = Δ customer specification / ( 6 * std )

= (4.02 - 3.98 ) / ( 6 * 0.04 )

= 0.04 / 0.24 = 0.1667 + 1 = 1.667

Cpk ( upper ) = ( 4.02 - process average ) / ( 3* std )

= ( 4.02 - 4.005 ) / ( 3 * 0.004 ) = 1.25

Cpk ( lower ) = ( process average - 3.98 ) / ( 3 * std )

= ( 4.005 - 3.98 ) / ( 3 * 0.04 ) = 2.083

Cpk = minimum value of Cpk = 1.25

3 0

3 years ago

At a price of $3.50 per loaf, a bakery is willing to supply 450 loaves of bread per week. At a price of $4.00 per loaf, the bake

Marat540 [252]

Answer:

Price elasticity of supply is 1.5

Explanation:

Given:

Price (P₀) = $3.50

Quantity (Q₀) = 450

New price (P₁) = $4.00

New quantity (Q₁) = 550

Price elasticity of supply = ?

Computation of price elasticity of supply using midpoint method:

$Price\ elasticity\ of\ supply =\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } }$

$Price\ elasticity\ of\ supply =\frac{\frac{550-450}{\frac{550+450}{2} } }{\frac{4-3.5}{\frac{4+3.5}{2} } }$

$Price\ elasticity\ of\ supply =\frac{\frac{100}{500} }{\frac{0.50}{3.75} }\\\\Price\ elasticity\ of\ supply = 1.5$

3 0

3 years ago

Setting standards, measuring performance, and comparing performance to standards are the:_____.

pychu [463]

Setting standards, measuring performance, and comparing performance to standards are the parts of controlling.

Control is a management function that aids in error detection and the implementation of corrective measures. This is done to reduce departure from standards and make that the organization's stated goals are met in the desired way.

Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.

Learn more about controlling here

brainly.com/question/25453419

#SPJ4

6 0

2 years ago

A(n) ________ cost is a cost whose total amount changes in direct proportion to a change in volume.

statuscvo [17]

A C. variable cost cost is a cost whose total amount changes in direct proportion to a change in volume.
If something varies, it means that it changes - and in this case, the cost changes with regards to a change in volume. This means that the cost isn't constant, but rather fluctuates based on other changes too.

3 0

4 years ago