The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.
<h3>What is meant by opportunity cost?</h3>
This is the term that is used to talk about the foregone alternative. It is what would have to be neglected because of another choice that has to be taken.
What this means is that the money that would have been spent on other aspects of the government was spent on the world cup so the benefits that the people would have gotten from the options are lost.
Hence we can say that The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.
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Answer: verifiable
Explanation:
A financial information is verifiable when the independent measurers get similar results when using the same accounting measurement methods.
In this scenario, the independent measures use thesame method but do their work separately without them knowing the results gotten by the other person. When there's similarity in the results, it shows that the results are verifiable.
Answer:
True
Explanation:
A per unit MCS cannot be created if you are given total revenue and selling price because per unit MCS is created by dividing the given total revenue by the total units of products ( for revenue per unit of product )
And also dividing the total cost by the total units of products ( for cost per unit of product ) hence the absence of the number of products will make it impossible to create a per unit MCS.
Answer:
The correct answer is B,C,D,E
Explanation:
The basic activities of marketing consists of the following;
Marketing research and target market analysis, cost/benefit analysis, benchmarking - a process of measuring a business's performance and standard against competitors and rivals and thus conducive to winning in the marketplace, and Pricing, distribution, and human resource management (HRM).
Customer analysis, selling products and services, and product and service planning are also basic activities of marketing.
<span>The cost of borrowing money is called the interest. Interest is what you pay to the loan company or lender when you borrow money from them. The interest is what they are charging when they give you money for a purchase now while you pay them back overtime. </span>
