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kupik [55]
3 years ago
10

In 20 words or fewer, name some other types of opportunity costs

Business
1 answer:
user100 [1]3 years ago
3 0

Answer:

Opportunity cost is a fictitious cost used in the assessment of alternative resource uses. The cost is the lost income from the alternative that you have not chosen to use. A standard example is when a person has a large amount of money and two options: Save them at a fixed monthly interest rate or pay off their loans. If you choose to save at a fixed monthly interest rate, the monthly cost of the loan will be the alternative cost. If, on the other hand, you choose to pay off your loans, the lost interest income will be the alternative cost.

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A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured
Dennis_Churaev [7]

A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured as a ________ organization.

A. Functional

B. Balanced matrix

C. Weak matrix

D. Strong matrix

E. Project

A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using<u> Project organization.</u>

Answer: Option E

<u>Explanation:</u>

Projectized or Project organization as the name suggests, focus on the projects and various process related to those projects. Project organization is different from the rest of the organizations in a sense that it works as a separate unit.

In this type of organizational structure the project manager is on the top and he is the sole decision maker regarding all the projects. The rest of the team members report to the project manager, whereas the roles and responsibilities are divided amongst the members.

4 0
3 years ago
An American worker is hired by a German consulting firm operating in New York. They pay him $50,000 in wages. The new worker's c
Pachacha [2.7K]

Answer:

a. National income increases by $50,000 and factor payments to abroad increase by $20,000, so US GDP increases by $70,000

Explanation:

The German firm hired an American worker and paid him $50,000. That means that American national income will increase by $50,000.

Since the company is German, that would increase factor payments ot abroad by the difference = $70,000 - $50,000 = $20,000.

Total GDP increases by the amount of $50,000  + $20,000 = $70,000

5 0
3 years ago
Margaret Williams, production manager at Williams Manufacturing, finds her profits at $15,000 inadequate for her business. The b
In-s [12.5K]

Answer:

22.22%

Explanation:

The calculation of percentage in sales is shown below:-

Increase in profit required = $25,000 - $15,000

= $10,000

To achieve a profit $10,000, the required sales increases

= $10000 ÷ 18%

= $55,555.55

Percentage increase in sale = Required sales ÷ Sales of current situation

= $55,555.55 ÷ $250,000

= 22.22%

So, for computing the percentage increase in sales we simply applied the above formula.

7 0
3 years ago
Under what circumstance might you receive a tax refund from the IRS?
Softa [21]
This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits. IRS stands of Internal Revenue Service. The circumstance in which you might receive a tax refund from the IRS if you have paid more in taxes than you owed for the year.
3 0
3 years ago
Huey, a resident of Illinois, owns a warehouse in Indiana. A dispute arises over the ownership of the warehouse with Jac, a resi
icang [17]

Answer:

c. in rem jurisdiction.

Explanation:

Jurisdiction is defined as the power or authority to decide legal cases.

Jurisdiction refers to the practical authority granted to a legal body to administer justice within a defined field of responsibility.

Federal jurisdiction refers to the legal scope of the government's powers in the U.S.A.

In rem jurisdiction refers to the power a court that it may exercise over property against a person over whom the court does not have in personam jurisdiction.

Indiana has <u>in rem jurisdiction.</u>

7 0
3 years ago
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