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2 years ago

When making decisions, managers should consider all relevant benefits and relevant costs, which include: (Check all that apply.)

Business

1 answer:

attashe74 [19]2 years ago

3 0

Answer: e. a, b and c

Explanation:

Opportunity costs are very important costs to look at because they help a company know if they are picking the best alternative available to them.

Out-of-pocket costs are also quite important because the company needs to know if there is a chance that they will have to pay for special features in the project that are not part of the original project but need to be paid for anyway as these monies come out of the cash reserve.

Incremental costs focus on the additional costs involved in a project and so are very important. When making a decision for processing a good further for instance, management needs to know if the incremental cost will be covered by the extra profit that will be gained.

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2 years ago

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2 years ago

Suppose the United States has a Gini coefficient of 0.4 and Sweden has a Gini coefficient of 0.25. Which of the following statem

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3 years ago

Minerals are structurally simple, inorganic substances that exist as groups of one or more of the same atoms. In chemistry, what

olga_2 [115]

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The substance does not contain carbon .

Explanation:

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2 years ago

Read 2 more answers

"Scarcity, opportunity cost, and marginal analysis Neha is training for a triathlon, a timed race that combines swimming, biking

Lynna [10]

Answer: Option (3) is correct.

Explanation:

Correct option: All choices have opportunity costs.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

In our case, Neha is training for a triathlon, there are three activities involved in a triathlon and training hours are limited. If Neha wants to spend a hour on swimming then she have to sacrifice training for biking and running for during that time.

Therefore, every choice has an opportunity cost associated with it.

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2 years ago