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____ [38]
3 years ago
15

Opportunity cost occurs because of a producer’s need to

Business
2 answers:
gtnhenbr [62]3 years ago
7 0

Answer:

allocate resources.

Explanation:

Scarcity of resources makes producers make choices on how to use the few available resources. Like other people, producers will want to do many things but are restricted by a lack of resources. Time and money are examples of scarce resources. They have to allocate the available resources among different needs and wants.

Opportunity cost is measured by calculating the value of the next best alternative.

IceJOKER [234]3 years ago
4 0

Answer:

C On Edge Jan 2021

Explanation:

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You are responsible for staffing a decision-making team that must be able to share information openly and honestly to perform we
MakcuM [25]

Answer:

The correct answer is letter "C": Communication abilities.

Explanation:

Decision-making teams are those that analyze diverse information of a company such as financial statements to find out what the best course of action for the company is. If the <em>Human Resources</em> (HR) department of a company has the task of hiring individuals who will be in charge of the decision-making and share of those choices, the profile of the applicant must meet optimal communication abilities.

<em>Empathy, confidence, clarity, </em>and <em>cohesion</em> are the characteristics employees must have to transmit ideas to other workers effectively whether the news is positive or negative.

5 0
3 years ago
What key stage involves defining your project? a. Representing your data in a trustworthy manner b. Working with data c. Develop
STatiana [176]

Answer:

The correct answer is letter "C": Developing your design solution.

Explanation:

Every project borns with the idea of <em>finding a solution</em> to a problematic situation. While designing a project coming up with what the solution is for the problem that you would like to attempt solving is vital because from there part all the steps on what and how it is going to be done.

7 0
3 years ago
At December 31, 2013, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It w
gtnhenbr [62]

The adjusting entry would recognise insurance expense of $1,500.

Explanation:

The policy of an insurance company, tax insurance, insurance for business failure, etc. typically lasts a year, with payments charged in full (insurance premiums). Insurance policy is never the same as the financial year of the product. There are also expected to be several consolidated financial statements and some partial financial statements for compensation premiums.

Example of insurance premium payment:

On 31 December, the insurer files an correction report in order to document the expired (extended) cost of insurance and to the the pre-paid number. This is done with an premium fee of $1,000 and a prepayment policy bonus of $1,000.

4 0
3 years ago
What is a trust established while the owner of the trust is still alive
Yuri [45]

Answer:

A trust created while a person is still alive is called a Living Trust. The Living Trust is created when one person, a Grantor, places property into the trust.

Explanation:

5 0
3 years ago
A partnership has the following capital balances: Comprix (40% of gains and losses) $ 180,000 Heflin (30%) 280,000 Kaplan (30%)
MrRissso [65]

Answer:

$210,000 is the capital balance of Heflin after acquisition by Mahar

Explanation:

In this question we are asked to calculate the capital balance of Heflin given the data in the above question.

Firstly, we identify the capital account of Heflin before the acquisition. From the question, this is equivalent to a value of $280,000

Now, we calculate the proportionate capital transferred. That is same as 25% of the total; 25/100 * 280,000 = $70,000

The ending capital of Heflin after acquisition would be mathematically = Capital account of Heflin before admission - Ending capital of Heflin after admission= $280,000 - $70,000 = $210,000

8 0
3 years ago
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