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klemol [59]
2 years ago
12

The process of choosing an option after evaluating the available information and weighing the costs and benefits of the alternat

ives is called _____________________________.
Business
1 answer:
ozzi2 years ago
5 0

Answer: Decision-Making

Explanation:

Decision-making is the process by which we choose the best perceived alternative to follow after evaluating the available alternatives for their costs and benefits.

These costs and benefits are not only monetary in nature. They can include our values as well as our beliefs and the things we prefer. They also include time as well. Every decision is unique with these and that is why every decision must be evaluated in its own right.

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Economists make assumptions to represent their political bias. focus their thinking. make models easier for students to understa
Sati [7]

Answer:

The correct answer is letter "D": better match the complexity of the real world.

Explanation:

Economists create models to <em>reflect real-world phenomena through simplified concepts</em>. Those models tend to adopt the most variables possible of economic events to analyze them in-deep, find out why they happen, attempt preventing them or finding a solution for them if feasible.

7 0
3 years ago
Katie Simpson: Do you have time to meet this afternoon? Carl Mendoza: Sure. What’s up? Katie Simpson: We need to finalize the Ba
Ksenya-84 [330]

Answer:

Yes

Explanation:

Based on the given details of the conversation that transpired between Katie Simpson and Carl Mendoza we can vividly say that  the preceding IM transcript apply professional best practices reason been that Katie Simpson who is the caller went straight to point  to the main reason why she called the receiver which is Carl Mendoza, And during the course of the preceding TRANSCRIPT the proper use of grammers and words , spelling, full stop, exclamation mark and question mark were on point and  accurate.

6 0
3 years ago
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of th
Rama09 [41]

The selling price of one unit of products less the variable manufacturing expenses is the contribution margin per unit. The amount that each sale contributes to covering fixed costs is known as the contribution margin per unit. It will show the profit per unit sold once the fixed costs have been paid.

<h3>How to find the Contribution margin per unit and Contribution margin per welding hour?</h3>

Computation of Contribution margin per unit (Assuming Direct Labor exists Fixed cost)

Manufactured

Purchased WVD drums  WVD drums    Bike frames

Selling price                            $233.00 $233.00 $344.00

Variable costs:  

Direct materials                      $201.00 $52.10 $112.00

Variable manufacturing overhead $0.00 $1.35 $1.90

Variable selling and administrative  $0.75  $0.75  $3.40

Total variable cost                          201.75  54.2 $117.30

Contribution margin per unit $31.25 $178.80 $226.70

Computation of Contribution margin per welding hour

Manufactured

                                                   WVD drums        Bike frames

Contribution margin per unit          $178.80              $226.70

Welding hours per unit                         0.4              0.5

Contribution margin per welding hour   $447.00      $453.40

Ranking                                                     2                 1

To learn more about contribution margin per unit refer to:

brainly.com/question/15684424

#SPJ4

4 0
2 years ago
Meno is 64 years old. Although continuously faced with considerable stress and difficulty in his life, he always displays an opt
sweet-ann [11.9K]

Answer:

B. probably live longer than those without such positive attitudes.

Explanation:

An attitude is an entity or principle which defines a person's personality and thoughts. It helps a person building an emotional outlook altogether. Attitude can be both positive and negative. It affects the thought, emotions, and feelings of the person. It depends on the attitude how a person handles a situation. In the case of Meno, it is because of his positive attitude that he will be able to live longer and happier than other people.

3 0
3 years ago
Suppose you have just landed a job near the center of a city and you now need to decide where to live. If you live close to the
Tomtit [17]

Answer:

Since there are only a limited number of apartments near the city​ center, these apartments will be allocated based on  <u>BOTH THE COSTS AND BENEFITS</u>. This process is known as <u>OPTIMIZATION.</u>

Explanation:

Optimization refers to calculating the change in net benefits between alternative choices, and choosing the alternative that provides the most benefits at the lowest costs.

For example, the cost of an apartment downtown will be much higher if measured as $ per square foot, but the advantage of saving 90 minutes of travel time a day might justify the extra cost.

If you are married and have children, then the extra cost of living downtown might be too high due to the amount of space needed for the whole family, therefore, it might be cheaper to spend 90 minutes a day travelling than paying an extremely high rent.

6 0
2 years ago
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