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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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Answer:

Option (C) is correct.

Explanation:

Return on the stock = (Dividend ÷ Investment) + (capital gain ÷ investment )

= (Dividend ÷ Investment) + (Final price of the stock - initial price of the stock) ÷ Investment

10 = (1 ÷ 20) × 100 + ((final price - 20) ÷ 20) × 100

10 = 5 + 5 × ( final price - 20)

Final price = 21

Therefore, the stock price should increase by [(21 - 20) ÷ 20] × 100

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6 0
3 years ago
What do right-to-work laws do?
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Answer:

D

Explanation:

they ban mandatory union memberships

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Likurg_2 [28]

Answer: The three "occasions for decision" are:

1. From authoritative communications from superiors

2. From cases referred for decision by subordinates

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Explanation: Examples of the three "occasions for decision" are:

1. From authoritative communications from superiors: an increase in the annual target of a sales force, passed on from the director to the sales manager.

This type of decision making is usually about the application of an instruction.

2. From cases referred for decision by subordinates: decision to employ branch level staff, whose engagement is within the right of the branch manager  

This occasion for decision shows a lack of authority in subordinates or an inability to be decisive in the subordinate.

3. From cases originating in the initiative of the executive command: the CEO deciding to take his brick and mortar business completely online.

This is a decision that that is totally the product of the executive head's thoughts, it is usually a strategic level decision and opens his authority to criticism.

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I also agree that this is the most important occasion for decision. While they are difficult decisions, they can determine the direction of an organization.  There is no one better qualified than the executive command to make or initiate these decisions. Also, it is part of their responsibility to make these decisions.

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Answer:

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