Levi had an unexpected surprise when he returned home this morning. He found that a chemical spill from a local manufacturer had spilled over onto his property. The potential claim that he has against this manufacturer is that of a(n):
<span>stakeholder.</span>
This type of cross-functional group is known as<u> "BUYING CENTER".</u>
A buying center is a gathering of workers, relatives, or individuals from an association in charge of concluding real buy choices. In a business setting, real buys ordinarily require contribution from different parts of the association, for example, back, bookkeeping, acquiring, data innovation administration, and senior administration. Exceedingly specialized buys, for example, data frameworks or generation gear, likewise require the ability of specialized experts. Sometimes the purchasing focus is a casual specially appointed gathering, however in different cases, it is a formally authorized gathering with particular orders, criteria, and strategies.
Answer:
The most likely explanation for the relatively small opportunity cost that the economy incurs as a result of increasing production of fish from 0 to 15 tons is that the economy will lose some of the benefits it derives from the production of cars now that more resources have been committed to the production of fish. It is like a question of not being able to "eat your cake and have it." Something must give way.
Opportunity cost is an economic cost that an entity or individual bears when it forgoes one option in preference to another. Once there is a choice between two options, economists will always recognize the forgone benefits from the other option a consequence of the loss.
Explanation:
When economists refer to the “opportunity cost” of a resource, they imply that the value of the next-highest-valued alternative resource will be lost. This means that a cost is incurred by not enjoying the benefit associated with the best alternative choice. A consideration of opportunity cost is, therefore, an assessment of the relative risk of each option vis-a-vis its potential returns.
Answer: A) absorption costing unit product costs
Explanation:
Absorption costing is the costing convention that is used when fixed costs need to be apportioned to the production of goods and services.
When a company has idle capacity, any production done using that idle capacity would incur no fixed costs because the fixed costs for the entire capacity, both idle and non-idle have been covered already as fixed costs are charged on the entire company capacity.
Absorption costing is therefore not relevant here as the company will use its sufficient idle capacity that has already incurred fixed costs.
