The answer would be:
A. discussing non-business-related topics
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Answer:
False
Explanation:
Since John could not possibly partake in all of the remaining three activities, the opportunity cost cannot be the benefit received from all of the other activities. Instead, the opportunity cost is the benefit he would have received from the next best alternative alone.
Answer:
The correct answer to this question is A) because resources are not equally good in each production activity.
Explanation:
PPS or Production possibility frontier ( which is often as production possibility curve ) shows the possible combinations( of two products or services) with maximum outputs that can be produced in an economy when all the available resources are fully and efficiently used.
The reason why opportunity cost is increased while moving along PPS is because when we increase the output of one good , that means we are allocating more resources towards this good ,that means we will be left with the fewer resources to carry out the production of other good , so therefore the opportunity cost would increase.
Answer:
$3,600 unfavorable
Explanation:
Given:
Standard material price = $9 per square foot
Actual material price = $9.2 per square foot
Standard material = 3 square feet
Standard material allowed = 1,000 × 3 = 3,000 square feet
Actual material used = 3,400 square feet
Direct material quantity variance = (Standard material allowed - Actual) × Standard price per unit
= (3000 - 3400) × 9
= $3,600 unfavorable
Actual material used is more than standard material allowed, so variance is unfavorable.
Answer:
extended problem solving
Explanation:
A situation where a buyer is buying a product he or she has never bought before hence requires considerable efforts, such is termed extended problem solving. The reason is that a buyer does not have prior experience about the product or the supplier, thereby creating complex buying decisions.
In extended problem solving, buyers evaluate and search for information about products they intend to buy due to the fact that they are not familiar with the products. Here, buyers search for all available information inorder to choose among brands of products they intend to buy; being the first time of purchasing such.
