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
Feliz [49]
3 years ago
14

You are a professor of economics at a university.​ you've been offered the position of serving as department​ head, which comes

with an annual salary that is ​$8 comma 5008,500 higher than your current salary.​ however, the position will require you to work 200 additional hours per year. suppose the next best use of your time is spending it with your​ family, which has value of ​$2020 per hour.
Business
1 answer:
Oxana [17]3 years ago
6 0

Answer:

$4500

Explanation:

We can calculate the total change in benefits by deducting the opportunity cost of spending the hours with your family by the annual salary.

Opportunity cost = $20/hour x 200 Additional hours

Opportunity cost = $4000

Total change in benefit = Annual salary - Opportunity cost

Total change in benefit  = $8500 - $4000

Total change in benefit  = $4500

You might be interested in
The phases of project management are: A. planning, scheduling, and controlling. B. planning, programming, and budgeting. C. plan
o-na [289]

Answer:

A. planning, scheduling, and controlling.

Explanation:

The phases of project management are -

1. Initiation

2. Planning

3. Execution - Scheduling

4. Control

5. Close

Option A is correct because the answer includes the 2nd, 3rd, and fourth phases of project management.

Option B is wrong because programming is not a phase of project management. Option C is a combination of management functions. Therefore, it is incorrect. Option D is not correct as the service project is not different from the manufacturing project. Option E is the project management technique.

4 0
3 years ago
A company has a beginning retained earnings balance of $100,000. It has net income for the current year of $50,000 and paid $10,
Brut [27]

Answer:

The ending balance of retained earnings for the company $ 140.000

Explanation:

Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.

4 0
3 years ago
When a company uses outsourcing, who performs the
Goryan [66]

Answer:

A subcontractor outside the company

Explanation:

Outsourcing stands for an external entity that supplies a service to the company, therefore the company receives a final service of product and do not deal directly with the operation.

5 0
3 years ago
Which industry are entrepreneurs drawn to because the industry offers the highest return on time invested and appeals to the tal
REY [17]

Entrepreneurs are drawn to the services industry to open their new businesses because this industry offers the highest return on time invested and appeals to the talent and innovation that many small enterprises typify.

An entrepreneur is an individual who creates a brand new business, bearing most of the risks and playing a maximum of the rewards. The method of setting up a business is referred to as entrepreneurship. The entrepreneur is normally seen as an innovator, a supply of new thoughts, goods, offerings, and commercial enterprise/or processes.

Examples of entrepreneurs encompass invoice Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina fake. important traits of hit entrepreneurs consist of threat taking, creativity, initiative, hassle fixing, organizational capabilities, conversation, and independence.

A study by means of American explicit OPEN determined that extra than half of the entrepreneurs surveyed were paying themselves a full-time revenue, and typically making $ 68,000 a yr. That variety rises and falls from 12 months to year, however, hovers around $70,000.

Learn more about the Entrepreneurs here: brainly.com/question/353543

#SPJ1

7 0
2 years ago
Greg, the IT manager, feels that his employees lack the motivation to consistently meet department goals; therefore, the approac
Nata [24]

Answer:

Classical

Explanation:

The classical point of view assumes that the company should not assume any responsibility other than the sea to obtain the greatest possible benefit for its owners. According to this view, the managers of an organization are employees that the shareholders and their obligations are strictly limited to these last

Milton Friedman says: "In a free economy, the company has one and only one social responsibility: use its resources and carry out specific activities to increase its benefits, provided it complies with the rules of the game, that is, acting in free and open competition, without fraud or deception. "

8 0
3 years ago
Other questions:
  • Because public goods are:
    14·1 answer
  • Which of the following is a form of direct intense and detailed training?
    6·1 answer
  • The Jones Company has decided to undertake a large project. Consequently, there is a need for additional funds. The financial ma
    15·1 answer
  • Based on the balance
    8·1 answer
  • 24. The Milham Corporation has two divisions—North and South. The divisions have the following revenues and expenses: North Sout
    9·1 answer
  • The term that describes what occurs when a manager does what is in his/her best interests and not what is in the best interests
    8·1 answer
  • A budget is used to do which of the following
    13·1 answer
  • A firm with unlimited funds must evaluate five projects. Projects 1 and 2 are independent and Projects 3, 4, and 5 are mutually
    6·1 answer
  • When is a lower annual interest rate better than a low annual fee?
    7·1 answer
  • What aspects and areas of the dental office should be assessed?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!