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White raven [17]
2 years ago
6

How does opportunity cost affect decision making

Business
1 answer:
adelina 88 [10]2 years ago
7 0

Opportunity costs apply to many aspects of life decisions. Often, money becomes the root cause of decision-making. If you decide to spend money on a vacation and you delay your home's remodel, then your opportunity cost is the benefit of living in a renovated home.

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An investment offers $6,400 per year for 15 years, with the first payment occurring one year from now. If the required return is
yawa3891 [41]

Answer:

PV= $62,158.4

Explanation:

Giving the following information:

Annual payment= $6,400

Number of periods= 15 years

Interest rate= 6% = 0.06

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {6,400*[(1.06^15) - 1]} / 0.06

FV= $148,966.21

<u>Now, the present value:</u>

PV= FV/(1+i)^n

PV= 148,966.21 / (1.06^15)

PV= $62,158.4

4 0
3 years ago
Which of the following selections effectively use the "you" view.
-Dominant- [34]

Answer:

  • B. Thank you for your letter regarding your CRB2 home entertainment center.
  • D. You are invited to take advantage of our professional development workshops.

Explanation:

The ''you'' view refers to a style of writing where the sender intends to make sure that the focus is on the person receiving the correspondence.

By using the ''you'' view, the receiver becomes the subject of the correspondence such that the text and its contents and are directed at the receiver.

The correct options would be B and D because the options were directed strictly to the receiver and no one else.

4 0
3 years ago
​Lucy needs to buy a new laptop for her business, and she buys a particular brand even though it does not support the software t
yan [13]

Answer:

Bounded rationality.

Explanation:

Bounded rationality is the possibility that in decision-making, rationality of people is restricted by the data they have, the subjective impediments of their psyches, and the limited measure of time they need to settle on a decision.

7 0
3 years ago
Lake City enacts an ordinance that bans the distribu-tion of all printed materials on city streets. Mackensie opposes the city's
loris [4]

Answer:

c. ​unconstitutional under the First Amendment.

Explanation:

Under the first amendment the act of banning such printed materials is unconstitutional. As it is not good for people in the country to witness such things.

As printed material includes books, magazines, and other things which enhance the knowledge level of different people.

Therefore, banning printed material will make the country people short of knowledgeable resources.

Therefore, the court will announce it unconstitutional.

4 0
2 years ago
_____ refer to special temporary project structures established by a company that are isolated from the rest of the organization
Irina18 [472]

Answer:

Skunkworks

Explanation:

The term skunkworks is mostly used in business and also the technical fields to describe a group that is within an organization that has high autonomy and have tasks that requires them to work on advanced or secret projects. They are allowed to operate outside the usual processes such that they have the freedom to come up with new ideas.

3 0
2 years ago
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