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n200080 [17]
2 years ago
10

The opportunity cost of an item is?​

Business
1 answer:
Tanzania [10]2 years ago
3 0

Answer:

The idea behind opportunity cost is that the cost of one item is the lost opportunity to do or consume something else; in short, opportunity cost is the value of the next best alternative. Click to see full answer Herein, what is opportunity cost give example? Opportunity cost is the profit lost when one alternative is selected over another.

Explanation:

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Which of the following is a true statement about an auditor’s responsibility regarding consideration of fraud in a financial sta
Olegator [25]

Answer:

D. The auditor should assess the risks of material mis-statement due to fraud.

Explanation:

At the time of auditor visit in a company the financial statement represent that the company has done the fraud in this scenario, the auditor should analyze the material misstatement risk that is done for fraud

Therefore in the given case, the option D is correct as the auditor responsibility is that he or she should analyze the risk with respect to the false statements presented in the financial statement

6 0
3 years ago
Which of the following items is the one type of household expenditure that is categorized as investment rather than consumption
Simora [160]

Answer:

a. the purchase of a new home 

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable goods + Investment spending by businesses + Government Spending + Net Export

The purchase or a new home is considered an investment and thus it is added to investment when calculating GDP .

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
Suppose the working age population of a fictional economy, Jessica Town, falls into the following categories: 100 are retired ho
Studentka2010 [4]

Answer: 30.1%

Explanation:

The unemployment rate includes those who do not have employment but are actively looking for employment not those who do not have a job and are not looking.

The rate is also based on the Labor force which is the portion of the population that is <u>able</u> and <u>willing</u> to work. Retirees are not included in this measure. Those who are not looking are not willing.

Labor Force = 50 full-time + 15 part-time + 28 unemployed

= 93 people

Unemployment rate:

= 28 / 93 * 100

= 30.1%

4 0
3 years ago
T/F The general purpose of tax is to provide incentives that will stimulate and improve the economy
JulijaS [17]

Answer:

False

Explanation:

Because taxes are necessary to sustain public expenses, income distribution, seek greater efficiency of the economy and soften the crises.  Therefore, its general objective is not to create incentives.

5 0
3 years ago
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Roman55 [17]
B) competitive marketing
This is because you have other competitors so now you have to do competitive marketing which involves tactics and strategy.
6 0
3 years ago
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