Answer: A business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable.
Explanation:
A firm's implicit costs are its opportunity costs. Opportunity costs are the returns that a company would have made had it invested in the next best venture than the one they are currently in.
If a business is to be truly profitable, it is important that they earn enough to cover both their out of pocket costs as well as their opportunity costs that way it can be definitively said that the venture that they went into was better than the next best venture they could have gone into.
Answer:
Individuals from the home country manage operations outside the home country
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Answer:
The answer to the question is financial analysis.
Explanation:
Financial analysis affords the organization's management the opportunity to review performance of the entity compared to previous performances as well as industry averages.This would serve as a guide in piloting the affairs of the company in future.
Also, financial analysis can also be conducted externally by would-be investors in order to validate the value placed on the company's share by examining financial statements,budgets,strategies and the sector outlook of the business with a bid to putting a fair value on the shares of the company.
Answer:
Option C, Cyclical companies, is the right answer.
Explanation:
Option C, “Cyclical companies” is the correct answer because the cyclical companies are sensitive to the business situation or cycle. During the economic prosperity, the revenue of these type of firms is expansionary and higher. While in the situation of economic slow down the performance of these companies goes on decreasing or outperform and its operation starts contracting in the adverse economic situation. Therefore. The option “Cyclical companies” is the right answer.
