LeBron James is one of the best basketball players in the country, was selected by the Cleveland Cavaliers as the first pick in the 2003 NBA draft, signing a three-year contract worth almost $13 million, with an option for a fourth year at $5.8 million. Had he decided to attend college instead, James would have incurred an opportunity cost of at least $19 million in forgone income to earn a four-year college degree.
Opportunity cost is the value you would gain or lose if you choose a different path or solution. The opportunity cost in this scenario is deciding to play in the NBA since college was too expensive. LeBron James ultimately saved time and money by taking the detour because he received a contract worth close to $13 million; otherwise, he would have had to pay more and spend more time attending a four-year college.
LeBron's decision to join the NBA right after high school graduation has an opportunity cost because he might have attended a four-year university or college instead. He was chosen by the Cleveland Cavaliers as the first overall choice in the 2003 NBA Draft
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Answer:
ethical climate
Explanation:
We were informed that the link between marketing ethics/social responsibility and firm performance has been documented repeatedly over time.
In this this case is most evident in firms that have a strong ethical climate. Strong ethical climate in finance reffered to the degree of ethics been utilized by an organization, it involves the morals and improve employee morale when they experience ethical climate such as caring, independence and other ethical factors.
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The answer is D. Imitable products and servicesd
Answer: Structured; Operational control
Explanation:
Structured task could be defined as tasks that are well defined, also larger tasks are broken down to smaller ones so as to be easily carried out at a manageable rate. They are also plans drafted by employees to carry out a task in a way where time and resources are managed very well.
Operational control decision means they are decision carried out during operations, like recording a day to day inventory of tasks that are carrued out by an individual.
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