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lawyer [7]
3 years ago
13

The potential benefit that is given up when one alternative is selected over another is called a sunk cost. true false

Business
1 answer:
Keith_Richards [23]3 years ago
3 0

Answer:

false                            

Explanation:

The given statement depicts opportunity cost and not sunk cost. A gain, income, or interest of something which has to be given up in order to obtain or accomplish anything else. Because each resource can be put to different uses, each action, option, or decision has an added cost of opportunity.

On the other hand, Sunk cost refers to the cost already accumulated and also not recoverable. Sunk costs is often compared with potential costs, which could be reduced in the future if measures are taken.

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People like ryan and aaron who risk time and money to start and manage a business are called
klasskru [66]

Answer: Entrepreneurs

In addition to risking and investing time and money to start and manage a business, entrepreneurs have an innate ability to identify a need for a new technology or invention. They then build a business by putting together all the resources (land, labour and capital) that are required to make a new technology or invention into a commercially viable (profitable) product.

5 0
3 years ago
Read 2 more answers
Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result o
topjm [15]

Answer:

d. changes in the supply of and/or demand for dollars in the global currency market.

Explanation:

Floating exchange rate can be defined as a system in the  macro economics or in economic policy where mechanism of the currency price of any country or nation can be determined by the forex market which is based on the supply and the demands relative to some other country's currencies.

In result of the foreign exchange values, the currency value of one country fluctuates.

Thus in the context, the value of dollar of United States changes depending on the changes or exchanges of dollar in the global market of currency.

8 0
3 years ago
A music artist has just finished creating his most recent single and it is now ready for release. The artist loves when others r
Nikitich [7]

Answer:

The answer options are:

a. Attribution Share Alike

b. Attribution No Derivatives

c. Attribution Non-Commercial

d. Attribution Non-Commercial Share Alike

The correct answer is: d. Attribution Non-Commercial Share Alike.

Explanation:

Attribution - Non-Commercial - Share Alike (by-nc-sa): Commercial use of the original work or possible derivative works is not allowed, the distribution of which must be done with a license equal to the one that regulates the work original. This license is not a free license.

4 0
3 years ago
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The product cost that is most difficult to associate with a product is:.
saw5 [17]

Answer:

hshhfjfjfjr you Lord for his birthday and the family doing l you Lord you Father for orders please let her have a good morning to you Lord for all of your hard work in the hospital and the family have seen the look of your hips

7 0
2 years ago
_____ is a way of producing a response to a stimulus by repeatedly pairing it with another stimulus that automatically produces
Anna [14]

Answer:

The answer is: C) Classical conditioning

Explanation:

Classical conditioning is a form of learning that pairs two stimuli; a conditioned stimulus becomes associated with an unconditioned stimulus. That way the association of both stimuli will produce a behavioral response.

A Russian psychologist named Ivan Pavlov was the first person to develop classical conditioning theory that's why some people call it Pavlovian conditioning.

3 0
3 years ago
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