Answer:
Informal norms.
Explanation:
While attending a prestigious lecture at a New York City museum, Bob creates some disturbing activities and noises that include belches and picking nose. All the activities Bob does comes under the informal norms, which are generally grasped by people. Informal norms are never written and never discussed or taught.
The jury was angry and disappointed that he broke the contestant's guitar.
The X Factor is a world-renowned program. This program is a talent contest in which people can go to compete to be selected as possible singing stars and win a financial prize.
The initial phase of the contest is the auditions in which a large number of people will appear before the judges to be selected and enter the competition.
In the version made in Ukraine, a participant sings at his audition but has no talent to perform as a singer. Additionally, one of the jurors loses his patience and goes to where the contestant is, snatches his guitar, and breaks it.
Subsequently, the judge goes to the room where a part of the other applicants are and warns them not to appear if they do not have talent because many people are going to audition and lack talent.
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Big Bird will think the toy is where he
left it.
Theory of mind<span> or as known for short ToM is the capacity to
characteristic mental states, convictions, aims, wants, feelings, information,
and so forth, to one’s own self, and to others, and to comprehend that others
have convictions, wants, aims, and points of view that are unique in relation
to one's own.</span>
Answer:
Explanation:
Opportunity cost is the cost of missing out on the next best alternative. In other words, opportunity cost represents the benefits that could have been gained by taking a different decision.
All businesses have to make choices - and those choices have implications.
In business, resources are usually scarce or limited. Decision are made under circumstances of uncertainty and taking one course of action or decision may affect business ability to take an alternative action.
Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.
Examples of Opportunity Cost in the Business & Economic Environment
Work-leisure choices
The opportunity cost of deciding not to work an extra ten hours a week is the lost wages given up.
Government spending priorities
The opportunity cost of the government spending an extra £10 billion on investment in National Health Service might be that £10 billion less is available for spending on education or defence equipment.
Investing today for consumption tomorrow
The opportunity cost of an economy investing resources in new capital goods is the production of consumer goods given up for today.
Use of scarce farming land
The opportunity cost of using farmland to grow wheat for bio-fuel means that there is less wheat available for food production, causing food prices to rise
Trade-offs
A trade-off arises where having more of one thing potentially results in having less of another. The table below lists some examples of how trade-offs often arise in business - as a result of resource scarcity.
