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3 years ago

What represents the value of the second-best alternative that a person gives up when making a choice?

Business

1 answer:

miss Akunina [59]3 years ago

8 0

Answer:

c. oportunity cost

Explanation:

Opportunity cost is the value lost as a result of preferring a particular option over the other. It occurs when an individual has to choose between two alternatives. For example, Jane can either stock 100 crates of soda or 80 packs of water. If shes chooses 80 boxes of water, the100 crates of soda represent the opportunity cost.

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One of the main implications of the four-drive theory is that: employers should give all employees the same employee benefits. e

Vitek1552 [10]

Answer: Employers should offer employees enough opportunity to keep each of their drives in balance.

Explanation:

The Four-Drive Theory is a way of improving Employee motivation through more ways than just financial incentives. It is believed that all four factors are very integral in the motivation of employees and so managers would do well to implement them to get the best out of their employees.

The Four drives are, Acquire and Achieve, Bond and Belong, Create and Challenge and Define and Defend.

A key recommendation by the proponents of this theory is that Managers should not give their employees too little or too much opportunity to follow each drive but rather give them enough opportunity that they keep each drive balanced with the others.

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3 years ago

Barney hendricks is interviewing web developers for his company. over lunch, he tells you that his top candidate showed lots of

anastassius [24]

Barney appears to be very impressed by the candidate's non-verbal communication skills.

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3 years ago

Read 2 more answers

The hourglass model for structuring effective business presentations suggests you should:_______.

mrs_skeptik [129]

Answer:

Begin and end your presentation with motivating context

Explanation:

Just as the hourglass is shaped with a large top, narrow middle and a large bottom. Presentations should start on a general and motivational context.

The middle of the presentation should focus on some details and procedures on how to achieve set goals and objectives of the topic. This is where practical steps are given to the audience.

The end of the presentation should again be a motivational context again. The audience is made to see the big picture of the situation.

6 0

3 years ago

You take a sample of rents of 182 apartments in San Francisco and find that the mean rent is $4000 per month and the standard de

dedylja [7]

Answer:

89%

Explanation:

according to Chebyshev's theorem, for any k > 1, at least [1 - (1/k^2)] of the data will lie within k standard deviations of the mean.Therefore, Chebyshev's theorem formula can be given as follows:

Chebyshev's theorem formula = 1 - (1/k^2) ...................... (1)

In order to fing k, we proceed as follows:

1. Subtract the mean of rents from the larger rent value,

That is, $7,000 - $4,000 = $3,000

2. Divide the difference of $3,000 above by the standard deviation to obtain k as follows:

k = $3,000 ÷ $1000 = 3

3. Substitute 3 for k in equation (1) as follows:

Chebyshev's theorem formula = 1 - (1/3^2)

= 1 - (1/9)

= 1 - 0.11

= 0.89

If we multiply 0.89 by 100, we have 89%.

Therefore, 89% of the rents in the sample will fall between $1000 and $7000 per month.

6 0

3 years ago

Read 2 more answers

For February, sales revenue is $900,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising e

FinnZ [79.3K]

Answer:

Option A

Total selling expenses for the month of February=$245,600

Explanation:

The selling expenses include all the expenditure incurred in respect of activities revolving around the marketing and distribution of goods to the final consumer.

These expenditures may be fixed or variable in nature

DATA

Sales revenue - $900,000;

Sales commission - 5%× 900,000 = 45000

Sales manager salaries - 96,000

Advertising expenses - 80,000

Shipping expenses - 2% × 900,000 = 18000

Miscellaneous selling expenses = 2100 + (1/2× 1%× 900,000) =6600

Total selling expenses for the month of February

= 45000 + 96,000 + 80,000+ 18000 + 6600 = $245,600

Total selling expenses for the month of February=$245,600

6 0

3 years ago