Answer:
Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.
Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.
Answer:
When researching a specific job What information should you be looking for?
7 Things to Research Before Any Job Interview
The skills and experience the company values. ...
Key players of the organization. ...
3. News and recent events about the employer. ...
The company's culture, mission, and values. ...
Clients, products, and services. ...
The inside scoop. ...
The person interviewing you.
Explanation:
Under project planning activities, defining what leads to successful completion is a part of <u>DURATION.</u>
Duration is the sum of the workdays, hours, or weeks necessary to finish a job. The length is determined by the resources' capability and availability. The amount of effort required to finish a task, or the actual time spent working on the project, is measured in person hours.
<h3><u>How is project duration calculated?</u></h3>
- We must know how to estimate duration while creating a timetable. We might simply compute our projected project length by taking the number of effort hours, divided by the number of resources, assuming everyone worked eight hours each day and was completely productive throughout all eight hours.
To know more about duration in a project, check the given links.
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The effective annual interest rate would be 19.5%.
