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Arisa [49]
3 years ago
7

The company uses a custom-made software program to manage its inventory. The company paid a consulting firm $32,000 to develop t

he custom software. The annual opportunity cost for the resource is $_____.
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer: $0

Explanation:

The program is said to be custom-made which means that the program is specifically for this company and so cannot be used by another.

This will put the opportunity cost at $0 because the company cannot use the money paid to develop something else as there are no alternatives to a custom made software.

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Scope creep refers to: a. a task at the lowest level of the WBS. b. the approved project scope statement and its associated WBS.
gogolik [260]

Answer:

The Answer is d. the tendency for project scope to keep getting bigger and bigger.

Explanation:

A scope  refers to all the work involved in creating the products of the project and the processes used to create them.

A scope creep refers to changes, continuous or uncontrolled growth in a project's scope, at any point after the project begins. This can occur when the scope of a project is not properly defined, documented, or controlled.

Hence the answer is d. the tendency for project scope to keep getting bigger and bigger.

6 0
3 years ago
Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for C
yarga [219]

Answer:

$8

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Consumer surplus = willingness to pay - price

The consumer surplus of the 10th scarf :

Willingness to pay for the 10th scarf - price of the scarf

Willingness to pay for the 10th scarf =  $200 / 10 = $20

Consumer surplus = $20 - $12 = $8

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
Consider a $1,000 par value bond with a 9% annual coupon. The bond pays interest annually. There are 20 years remaining until ma
Vinvika [58]

Answer:

The multiple choices are:

a. $1132

b. $1044

c. $ 962

d. $1153

e. $ 988

The correct option is C,$962

Explanation:

The price a rational and prudent investor like me would be willing to pay for the bond today is the present worth of future cash inflows receivable from the bond issuer,which comprises of annual coupon interest and the face value at maturity.

=-pv(rate,nper,pmt,fv)

rate is required rate of return expected by investor of 10%

nper is 5 years since the investor intends to hold the bond for 5 years

pmt is the annual coupon interest=$1000*9%=$90

fv is the face value of $1000

=-pv(10%,5,90,1000)=$962.09

The current  price is $962

4 0
3 years ago
The statement that reports net income or loss for a certain period in time is the
Mars2501 [29]

Answer:

The correct answer is: Income statement.

Explanation:

The Income Statement is a report that measures a company's financial performance over a specific accounting period. This statement is also known as the Profit and Loss Statement and Earnings Statement. The Income Statement shows a company's <em>revenues, expenses, net profit, </em>and <em>net loss</em> from both operating and non-operating activities.

8 0
3 years ago
According to most management researchers, the modern study of management originated in which century?
maks197457 [2]

Most management researchers believe that modern management studies originated in the <u>c. 18th century.</u>

<h3>Origins of modern management </h3>
  • Originated with the Industrial Revolution.
  • Originated as a means to make production more efficient.

The Industrial Revolution began in the 1700s or the 18th century and so we can conclude that modern management also started in the 18th century as well.

Find out more on<u> modern management</u> at brainly.com/question/4928239.

7 0
2 years ago
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