Answer:
textbook chapter headings
Answer:
The correct answer is: 15 points on the History exam.
Explanation:
Opportunity Cost is what a person sacrifices when they choose one option over another. It is calculating by subtracting the return of the best forgone option with the return of the chosen option. The outcome could be beneficial or prejudicial, depending on the case.
In the example (<u>refer to the attached table</u>), if the student chooses to score 94 in the economics exam then the student will get 76 in the History test. Thus, The opportunity cost of getting 94 instead of 77 in the Economics test, implies getting 76 instead of 91 in the History exam. It implies:
- Opportunity cost of the History exam = 91-76
- Opportunity cost of the History exam = 15
<em>The opportunity cost of scoring 94 on the Economics exam rather than a 77 is 15 points on the History test.</em>
You have the right ones selected already
Answer:
Child Care Facilities
Large Family Child Care Homes
Public and non-public schools
Summer day and 24-hour camps
Vacation Bible School Programs.
Explanation:
A facility that is exempted from licensing is the one that is not licenses, but is still to maintaining certain requirements held under respective authorities. They need to meet certain requirements in order to operate effectively.
There are several programs that are exempted from licensing. From the given list, they are:
- Public and non-public schools
- Child Care Facilities
- Summer day and 24-hour camps
- Large Family Child Care homes
- Vacation Bible School Programs.
These programs are exempted from having a license but are under the obligation to meet certain requirements to run efficiently.
Answer: Purchases could be made from a vendor controlled by a buyer at prices higher than normal.
Explanation:
Based on the information given in the question, one possible fault of this system is that the purchases could be made from a vendor controlled by a buyer at prices higher than normal.
It should be noted that this system will help in curtailing the department managers buying unnecessary supplies. Also, payment cannot be made for supplies that are not received.
