Answer:
The answer is a sunk cost.
Explanation:
Sunk cost is irrelevant in present decision making. It is the cost that had already been incurred. It is irreversible.
Here, $500 spent on fixing the transmission does not matter again.
Opportunity cost is wrong because it means the alternative that has been forgone i.e alternative not chosen. For example, if you have an opportunity to either buy milk or bread and you went for bread, the opportunity cost is the cost of milk you didnt buy.
Incremental cost is also wrong. Incremental cost is the cost that was realized because of a decision.
If you can use it to get stuff then it has value
Answer:
Net Present Value $ 23,373.49
Explanation:
First, we solve for the expected return:
![\left[\begin{array}{cccc}State&Return&Probability&Weight\\best-case&19,000&0.25&4,750\\base-case&12,000&0.5&6,000\\worst-case&-3,000&0.25&-750\\Total&&1&10,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DState%26Return%26Probability%26Weight%5C%5Cbest-case%2619%2C000%260.25%264%2C750%5C%5Cbase-case%2612%2C000%260.5%266%2C000%5C%5Cworst-case%26-3%2C000%260.25%26-750%5C%5CTotal%26%261%2610%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Now, we solve for the present value of this vaue over the four-year period:
C 10,000.00
time 4
rate 0.12
PV $30,373.4935
<u>Last we subtract the investment cosT:</u>
30,373.49 - 7,000 = 23,373.49
Answer:
Doing the right task is known in management as performance.
Explanation:
Management ensures that the right tasks are performed by coordinating the various activities that help it to achieve goals. It also plans the right tasks to be carried out in order to achieve set goals and objectives. In doing all these, it also considers the cost and benefit to be incurred and derived respectively from executing its responsibilities. Management is always interested in minimizing costs while maximizing benefits. Management is also concerned with efficiency, by which it minimizes the wastage of resources (such as time, money, and efforts) and ensures optimum utilization of all its resources.
Answer:
Crash worthiness
Explanation:
Crash worthiness is a term that depicts a vehicle's capacity to ensure its tenants during an impact.
In the event that you continue wounds in a fender bender because of the vehicle's absence of crash value, at that point you may have a case against the vehicle's producer.
It is exceptionally reliant on how the materials, development and plan of the vehicle cooperate.
