Answer:
Yes
Explanation:
An opinion can indeed be wrong unless you based if of scientific facts and have evidence to back up your opinion. Everyone is indeed entitled to an opinion but not everyone listens to everyone’s opinion that is not backed up with facts.
Answer:
The answer is C. Government licensing allows media companies to have a near monopoly.
Explanation:
Not anyone can start a media company just because they want to. There are barriers to entry such as the large capital expenditure, staffing, and the government licensing.
Among these, the major contributor towards the marketto become an oligopoly is the government licensing process.
There are many things to consider and do during the licensing process and it is highly time consuming as well. Moreover, the costs involved is significantly high as well.
Answer:
The correct option is;
B. You have an increased chance of financial stability
Explanation:
The advantages of going to college includes;
1) College graduates make more salary on average
2) Holding a college degree improves career stability
3) Improved job satisfaction
4) Improved financial know how on savings and investment
5) Stable marital life
6) College graduate are able to be better citizens, by their willingness and ability to contribute meaningfully whenever a volunteer requirement
Answer:
True, an ethical issue is an identifiable problem/ situation or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical.
Explanation:
Ethical issues arise when a given decision scenario or activity creates a conflict with a society's moral principles. Both businesses and individuals can be involved in these conflicts and sometimes these conflicts can be legally dangerous as some alternative to solve them might breach a particular law.
Answer:
<u>Opportunity cost </u>
Explanation:
Suppose that a university decides to spend $ 1 milion to upgrade personal computers and scientific equipment for faculty rather than spend $ million to expand parking for students . This example illustrates<em><u> opportunity costs.</u></em>
<em>Opportunity cost refers to the cost shifting one opportunity to another opportunity or availing one opportunity in terms of another.</em>
Formula of Opportunity cost is :
<u>Opportunity cost</u> = Total Revenue - Economic Profit
Or
<u>Opportunity cost </u> = What one sacrifice / What one gain
In Opportunity cost we chose one thing or option over the cost of another thing or option. Opportunity cost places a important role in economic theory .
As it tell us that people can choose only one thing not the both things at the sane time.
