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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.

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Explanation:

the correct answer is Option C                                                                    

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Answer:

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Explanation:

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Flabby

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As a general rule

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At a later date

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At this point in time

Now, presently

Despite the fact that

Although

Due to the fact that

Because

b. Limiting Long Lead-Ins

This means you need to delete unnecessary introductory words.

For example:

Instead of saying “I am sending you this e-mail to announce that we have hired a new manager”, you can say “We have hired a new manager”.

Dropping unnecessary there is/ are and it is/ was fillers

d. Rejecting Redundancies

Redundancies are expressions with repeating meaning or including unnecessary words (redundant. For example, the word unexpected surprise can be changed into surprise because unexpected carries the same meaning as surprise. Here are the examples of redundant and concise words.

. Purging empty words

Empty words and phrases: case, degree, the fact, factor, instance, nature and quality.

Because of the degree of active participation by our sales reps, profit soared.

It sounds better when we remove them.

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If it comes, omit it.

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Clauses begin with that, which and who can often be shortened without loss of clarity.

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Revising for clarity

a. KISS

KISS stands for Keep It Short and Simple. KISS formula is using active-voice sentences that avoid indirect, pompous language.

b. Cliches and Slang

Cliches are expressions, words, and phrases which are overused. For example, you say “below the belt” instead of “last but least”.

Slang is informal words with changeable meanings. For example, you write “gr8” instead of “great”.

Designing Documents for Readability

a. Employing white space

Use headings, bulleted numbers, effective margins, and Improve readibility and comprehension (shortening sentences & paragraphs) to increase the white space

b. Understanding Margins and Text Alignment

Business letters or memos usually have side margins of 1 to 1 ½ inches.

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For less formal message or decorative effects :

Happy, Creative script/ funny (Comic Sans, Brush script, Gigi, Jokerman, Kristen)

Assertive, Bold, Modern Display (Britannic Bold, Broadway, Elephant, Impact, showcard)

Plain Monospaced (Courier, Letter Gothic, Prestige Elite)

d. Capitalizing on Type Fonts and Sizes

During revision process, you need to think about font style and size appropriately. Make it looks comfortable according to the necessity.

e. Adding Headings for Visual Impact

By adding headings, you can improve readability, encourage the writer to group similar material together, and help busy readers to skim.

All examples are given in attachment

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