1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frez [133]
3 years ago
9

The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):____

____a. Alternative cost.b. Sunk cost.c. Out-of-pocket cost.d. Differential cost.e. Opportunity cost.
Business
2 answers:
Sedbober [7]3 years ago
6 0

Answer:

The  potential benefits lost by taking a specific action when two or more alternative choices are available is known as opportunity cost.                                    

The correct answer is E                                      

Explanation:

Opportunity cost is the potential lost as a result of selecting an alternative                 where alternative courses of action are involved. It is a relevant cost for                      decision-making.        

BaLLatris [955]3 years ago
3 0

Answer:

e.  Opportunity cost

Explanation:

This is the perfect definition of opportunity cost.

Businesses mostly find themselves stuck in choosing between two different alternatives, especially when each alternative has a cost consequence. For example, as an employee I am faced with two alternatives, first, I can go on a one week holiday with my friends and chill (which would cost me $1500) but if I do so I would be loosing $200 (as my salary) daily for one week, the total of which would be $1400. If I choose to go with my friends on the holiday anyhow, the total cost of my holiday would not just be $1500 but the opportunity cost of $1400 would also be a part of my holiday cost because it's relevant and is being influenced by my decision.

So I would basically be loosing the potential benefits (salary in this case) if I choose to go on the holiday with my friends.

Alternative cost is the cost comparison of two alternatives aimed at choosing the most economically feasible option.

Sunk cost is cost that is already incurred and/or is committed to be incurred at a later date which can't be influenced by our decision.

Differential cost is the difference between the cost of two options.

You might be interested in
Bob, Jack and Norman are the only people living on an island. They are trying to decide whether or not they should build a light
Tems11 [23]

Answer:

Efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse

Explanation:

Since the lighthouse is a public good, according to the coase theorem, if the combined willingness to pay for the lighthouse of all of the people living on the islands is higher than the cost of the lighthouse, then a lighthouse should be built.

The total willingness to pay is:

W = \$1000+\$1200+\$500 = \$2700

The population willingness to pay is higher than the cost of building one lighthouse ($2000) but lower than the cost of building two lighthouses ($4000). Therefore, efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse.

6 0
3 years ago
_____ is a personal application software that includes a wide range of built-in functions for statistical, financial, logical, d
Pie
Spreadsheets are personal application software that includes a wide range of built-in functions for statistical, financial, logical, database, graphics, and date and time calculations. It is an application or program that is designed for analysis, organization and storing of data in a table form. It functions on data that are entered in the cells of a table where the cells can contain numeric or text values. In this program, you can input equations and relate cells in order to do automatic calculation. It helps in processing a large number of data since you can easily copy and execute functions and equations.
3 0
3 years ago
International trade generally a. decreases jobs. b. reduces competition. c. generates income. d. decreases productivity.
xz_007 [3.2K]

Answer:

c. generates income

Explanation:

International trade for a country refers to exchange of goods and services beyond geographical boundaries. In short international trade refers to the business due to import and export of goods.

For example, one nation might specialize in the production of cocoa while another nation is rich in oil wells or oil reserves. The two nations can trade such resources and eliminate scarcity or abundance.

International trade leads to increased competition in the domestic market since now the producers are compelled to adhere to meet international quality standards for their products.

So, International trade generally c. generates income.

4 0
3 years ago
For girls, the usual sequence of physical changes in puberty is _____. the growth spurt, menarche, and the beginning of breast d
siniylev [52]
<span>Through puberty the child's body matures into an adult body capable of sexual reproduction.</span>
For girls, the usual sequence of physical changes in puberty is  nipple growth, the growth spurt, and menarche.
Girls pubertal changes<span> usually begin before boys of the same age.
</span>The pubic hair development comes shortly after breast development.
6 0
4 years ago
raphael is an advertiser at a regional apparel retailer. a strategic initiative is to expand their brick-and-mortar presence to
Arada [10]

Geographic sales metrics would be most useful for him to review. This report assists visitor in locating insights based on geography. Users can recognize and react to top geographical trends quickly.

Geographic Sales Insights

This report assists visitor in locating insights based on geography. Users can recognize and react to top geographical trends quickly. The report includes information on the state, town, and ZIP code where your products were shipped. For a variety of reasons, differences between reports fragmented or clustered by geographic area and reviews without such segments or groups are to be expected. Some metrics, for example, may not be attributed to a specific geographical area, visits may not be included within small geographic areas, and spam filtering is not obtainable for reports segmented by geographic areas.

Learn more on sales metrics-

brainly.com/question/13469354

#SPJ4

8 0
1 year ago
Other questions:
  • Which of the following is the most accurate statement regarding the federal budget?
    12·1 answer
  • Cordell Inc. experienced the following events in 2018, its first year of operation:
    9·1 answer
  • What is the primary difference between variable costing and absorption costing?
    8·1 answer
  • On January 1, Key Corporation had 2,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared
    13·1 answer
  • Health and Wealth Company is financed entirely by common stock that is priced to offer a 15 percent expected return. If the comp
    13·1 answer
  • The following forecasted sales pertain to Rapid City:
    5·1 answer
  • Having which trait will enable you to deal with people in a way that does not offend them? Having will enable you to deal with p
    12·1 answer
  • Which act governors partnership firm??​
    13·2 answers
  • According to the Keynesian model, the short-run aggregate supply (SRAS) curve is horizontal when:____.
    15·1 answer
  • Income taxes are taxes that are paid on any financial gain. Purchased goods. Homes, land, or property. Special goods and activit
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!