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Amanda [17]
3 years ago
7

An opportunity cost: Multiple Choice Requires a current outlay of cash. Is an unavoidable cost because it remains the same regar

dless of the alternative chosen. Is the potential benefit lost by choosing a specific alternative course of action among two or more. Is irrelevant in decision making because it occurred in the past. Results from past managerial decisions.
Business
2 answers:
vivado [14]3 years ago
6 0

Answer:

Is the potential benefit lost by choosing a specific alternative course of action among two or more.

Explanation:

An opportunity cost in business management is the potential benefit lost by choosing a specific alternative course of action among two or more. This simply means that, when an options are presented, you will have to choose one among the rest, which eventually leads to a potential benefit lost.

Hence, opportunity cost is generally known as the alternative forgone.

elena-s [515]3 years ago
6 0

Answer:

Is the potential benefit lost by choosing a specific alternative course of action among two or more.

Explanation:

Opportunity cost is also called the forgone alternative. It is the cost incurred when a particular activity is chosen over another.

For example the opportunity cost for a worker going to the cinema is the wages he would have earned if he went to work.

So it is the benefit forgone for choosing between alternative options.

In economics we do not only consider the cost of an action but also the cost of the alternative forgone. If one buys a ball for $5, the total cost will be the cost of buying the ball and the benefit lost in buying ice cream for example.

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7 0
3 years ago
You invested $5000 of your own money and borrowed $5000 from your broker to purchase shares of a company trading at a share pric
pychu [463]

Answer:

$1200

Explanation:

buy shares. $ 5000 / $ 2 = 2500 shares.

then you sell them

2500 shares x  $ 1.72 = $ 4,300

the loss in this investment was $ 5,000- $ 4,300 = $ 700

You must also pay interest on the loan.

$ 5,000 x% 10 = $500

Total loss $ 700 + $ 500 = $ 1,200

which equals 24% = $ 1,200 / $ 5,000

3 0
3 years ago
Who is required to provide information through the "right to know" law?​
Murrr4er [49]

Private Employers.

The Right to know law discusses workers rights to know about dangerous chemicals/substances in the workplace and is overseen by OSHA ..

4 0
3 years ago
Item 8Item 8 Rick’s Cafe is a new restaurant in town. It has Rick, (the owner), five waitstaff, two cooks, a busboy, and a hoste
olga55 [171]

Answer:

The cafe is small enough so a  middle manager is not required for maintenance as it can be maintained as a flat organization.

Explanation:

It has least number of employees. Hiring a middle manager will increase cost for the restaurant.

4 0
4 years ago
_____ management planning involves the creation of a plan to guide the actions of an entire company. Multiple choice question.
kiruha [24]

Strategic management planning involves the creation of a plan to guide the actions of an entire company

<h3 /><h3>What is Strategic management planning?</h3>

Strategic management planning is a document used by companies to communicate or pass information in the organization about the goals, resources, operations, set priorities, focus energy, configure so as to make sure that employees and other stakeholders are working to achieve common goals, establish agreement to get the necessary result.

Therefore, Strategic management planning involves the creation of a plan to guide the actions of an entire company.

The question is incomplete because the options are not given, the options is gotten from another website.

  • production
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  • Strategic

Learn more about Strategic management planning from the link below.

brainly.com/question/24881163

6 0
2 years ago
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