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
timama [110]
3 years ago
12

Define the terms:

Business
1 answer:
navik [9.2K]3 years ago
5 0

Answer:

Scarcity: In short supply of

Choice: Making a decision

Opportunity Cost: The loss of one aspect of a decision with the benefit of another

Efficiency: Being efficient and accurate as well as reliable

Inefficiency: Not being effective and wasting resources or time

You might be interested in
A company usually processes 20,000 orders at a total cost of $250,000. During the year, only 10,000 orders were processed. What
Ivan

Answer: $125,000

Explanation: The Company usually processes 20,000 orders at a cost of $250,000. To process one order = 250,000/20,000=$12.5

Therefore if during the year 10,000 orders were proceeded. the cost will be

10,000 * $12.5 = $125,000

8 0
4 years ago
What would be another example of a ""system"" in the real world that could serve as a metaphor for micro and macroeconomics?
kicyunya [14]

Answer:

The solar system can be a metaphor for micro and macroeconomics in the real world.

Explanation:

There are several physical systems in the real world that can act as a metaphor for micro and macroeconomics. The solar system, for instance, can perfectly serve as a metaphor for micro and macroeconomics. The study of a single planet in the solar system can be microeconomics or the study of the solar system in the galaxy is macroeconomics. While the study of the galaxy as a whole will be macroeconomics.

8 0
4 years ago
Help pls
Paraphin [41]

Answer:

c

Explanation:

placing obituary in the local newspaper

7 0
3 years ago
Read 2 more answers
Dimitri's counselor told him that post secondary
Ksivusya [100]

The correct answer is A. The salary you will earn with a degree will pay back the cost of college over your career.

Explanation:

The phrase "pay off in the long run" is used to explain an action that will have more benefits than costs or disadvantages if this action is considered in the future. This includes post-secondary education because even when this can be expensive it has many advantages that include access to better job opportunities, personal growth and that you will earn a high salary that will exceed or pay back the costs of college. According to this, the words of Dimitri's counselor mean that "The salary you will earn with a degree will pay back the cost of college over your career."

4 0
3 years ago
Calculate the cost of goods manufactured using the following information: Direct materials used $ 298,700 Direct labor used 132,
Citrus2011 [14]

Answer:$687,700

Explanation:

                                      $

Direct Materials      298,700

Add: Direct Labour  132,200

                                 --------------

Prime Cost                                    430,900

Factory Overhead      264,200

Add: Opening WIP      118,700

Less: Closing WIP       126,100

                                    --------------

                                                         256,800

                                                        --------------

Cost of Good Manufacture              687,700

                                                         ----------------

   

8 0
3 years ago
Other questions:
  • 250 college students were surveyed about if they liked the food choices offered by the cafeteria. 140 people said that they did
    8·1 answer
  • .Please only answer if you know for sure. 30 pts
    10·1 answer
  • On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue $ 78,500 Postage exp
    9·1 answer
  • The Taste Freeze Ice Cream Company is a perfectly competitive firm producing where MR = MC. The current market price of an ice c
    14·1 answer
  • A newspaper article announced that Connect Wireless, the sixth-largest wireless carrier in a country, was changing its name to M
    5·1 answer
  • A company is considering a 3-year project that requires paying $5,000,000 for a cutting-edge production equipment. This equipmen
    11·1 answer
  • The Texas Department of Education has offices throughout the state covering more than 268,000 square miles. State
    15·1 answer
  • Which of the following poses a workplace hazard that may cause accidents?
    13·1 answer
  • Firms and industries producing capital goods are affected most by the business cycle and the negative effects of a recession bec
    14·1 answer
  • Describe the role of hotel management in the field of tourism. .​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!