Opportunity cost is concept used in economics. It denotes the benefit of something that must be given up to acquire or achieve something else. Because of this opportunity cost is used in the decision-making process. The following best describes an opportunity cost: decision giving up an opportunity to do something else when making an . Correct answer: B
Della, the sales manager, just informed her sales team that all sales in March will earn an extra 5 percent commission. The team gets right to work, being motivated by a extrinsic reward.
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What is extrinsic reward?</h3>
Employees typically receive extrinsic rewards in the form of monetary or tangible compensation, such as raises, bonuses, and benefits. They are extrinsic because they are unrelated to the completion of the work and are managed by people other than the employee.
Extrinsic rewards include monetary bonuses and additional days off from work. They are under the control of people other than you. Intrinsic rewards are intangible, psychological rewards that come from completing a task well.
Extrinsic motivation uses rewards or other incentives, such as praise, fame, or money, to motivate people to do certain things. Unlike intrinsic motivation, this type of motivation is driven by external factors. Extrinsic motivation is demonstrated by being paid to do a job.
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The question is incomplete:
Beau works for a small pest-control company that has a total of five employees. From his point of view, the primary disadvantage of a small business is the:
-complicated management structure.
-risk of failure.
-limited ability to raise capital.
-personal relationship with his employer.
-limited potential for him to advance
Answer:
Limited ability to raise capital.
Explanation:
The answer is that from his point of view, the primary disadvantage of a small business is the limited ability to raise capital because small businesses tend to have few resources and a small participation in the market and these affect their ability to get capital and their growth potential.
The other options are not right because as small businesses have few employees, they have simple structures, the risk of failure can be high or low as in a bigger company and a personal relationship with his employer is not a disadvantage. Also, a small business can offer opportunities to advance.
Answer:
The main difference between traditional trade and modern trade is that, distribution in modern trade is more organized. Retailers often deal directly with manufacturers. Many large retail chains have integrated their services to offer their own brands in groceries and other goods.
Explanation:
Answer:
$284,200
Explanation:
The computation of cash collections is shown below:-
Cash sales of October = $282,000 × 80%
= $225,600
Credit sales collection
September = ($304,000 × 20%) × 50%
= $30,400
October = $282,000 × 20% × 50%
= $28,200
Total cash collections for the month of October = Cash sales of October + Credit sales collection of September + Credit sales collection of October
= $225,600 + $30,400 + $28,200
= $284,200
