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polet [3.4K]
3 years ago
14

Suppose a food pantry received a donation and allowed volunteers to vote on how the funds were to be spent. Three options were p

rovided, with the donation only covering the cost of one project. The projects included improvements to the building, additional purchases of food, and purchasing a vehicle for food delivery. The majority of volunteers voted for purchasing a vehicle for food delivery with building improvements coming in second. Since only one project could be funded, what is the opportunity cost of the decision to purchase a vehicle
Business
1 answer:
Tems11 [23]3 years ago
8 0

Answer:

improvements to the building,

Explanation:

Opportunity cost is the foregone advantage of not setting certain options in decision making. When a particular option is preferred over others, then benefit from the other options not selected are forfeited. The forfeited benefits represent the opportunity cost.

The value of opportunity cost is equated to the value of the next best alternative. Where there were more than two alternatives available, the next best alternative from the chosen option becomes the opportunity cost. In this case, improvement to the building was voted the second preferred option; hence it becomes the opportunity cost.

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George, a chef and owner of a popular restaurant, is always visiting his competition to observe how they are doing things in the
Vedmedyk [2.9K]

George is utilizing competitive intelligence. This is a strategy in which the individual made use of gathering, defining and as well as analyzing their customers, competitors or products by means of helping improve his or her own business and to make strategic decisions that would be best for one’s business or company.

7 0
3 years ago
There are 4 households in a locality. The annual income of the first household $20,000, the annual income of the second househol
mihalych1998 [28]

Answer:

b) The progressive income tax system

Explanation:

The tax is compulsory contribution levied by the authority in a territory on goods, services, income and profit.

Proportional income tax :Income tax is said to be proportional where the same tax rate is paid by all irrespective of their income bracket.

A progressive income tax is that where the tax rate becomes higher for those income earners in  the high income bracket. The tax rates on every dollar earned becomes higher with increase in income.

The regressive income tax is where a lower percentage is paid as tax as the income income increases. Lower rate is paid on additional dollar earned.

The scenario in the question falls under the concept of progressive income tax system

6 0
3 years ago
Read 2 more answers
A quality analyst wants to construct a control chart for determining whether four machines, all producing the same product, are
abruzzese [7]

Answer:

A) 0.023

Explanation:

Sample size = 1,000

Number of defectives collected from Machine #1 = 23

So, the sample proportion of defectives for machine #1 = Number of defective output / Sample size  = 23/1000 = 0.023

6 0
3 years ago
Which of the following is true for a stock whose returns are more variable than the market's returns? a. The stock's beta will b
sdas [7]

Answer:

c. The stock's beta will be greater than one.

Explanation:

In order to understand the right answer here, we need to understand what Beta is and what does it represent.

Well, Beta tells about the responsiveness of any stock in comparison with the stock market index. For example, if the index move 100 points positive and the stock price moves $120 positive, this means that the stock is very responsive and has a high beta of more than 1. For stocks that are less response to stock market, their beta is less than 1, while for stocks who move the exact same direction as per the stock market, their beta is said to be equal to 1.

Here, in this question, since the stock return is more variable than the market return, it clearly tells that the Beta of that stock will be greater than one.

Hope this helps, Good Luck.

8 0
3 years ago
On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The cu
dezoksy [38]

Answer:

D. Cash 8,000

Accounts Receivable 8,000

Explanation:

The commercial terms of the transactions are as follow:

2/10 within the first 10 days of the invoice The payment will be grnated with 2% discount

n/30 during the next 30 days of invoice date, the payment to cancel will be the nominal

The payment is after the discount period, it will be at nominal which is 8,000

5 0
4 years ago
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