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professor190 [17]
1 year ago
14

The value of what must be foregone in order to undertake an activity is known as Multiple choice question. opportunity cost. a t

rade-off. economic surplus.
Business
1 answer:
Marianna [84]1 year ago
8 0

In business, people often make choices. Opportunity Cost is the value of what must be foregone in order to undertake an activity.

<h3>What is opportunity cost?</h3>
  • The economists often refer to this type of cost as the amount or the value of the next highly rated alternative use of one's money or resource.

An example is when a person spend their time and money going to a shop, one cannot spend that time at cooking, and you even did not spend the money on other things.

Learn more about Opportunity Cost from

brainly.com/question/1549591

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Beginning inventory for the month contained 2,000 units that were 70 percent complete with respect to materials. During the mont
pickupchik [31]

Answer:

a. 60,600

Explanation:

Given,

The number of units completed and transferred out = 6000,

Ending inventory = 3,000,

Percentage of completed units with respect to materials = 20%,

So, the additional completed units = 20% of 3000

=\frac{20\times 3000}{100}

=\frac{60000}{100}

= 600

Hence, the weighted average equivalent units of production for materials for the month = 60,000 + 600

= 60, 600

OPTION A would be correct.

6 0
2 years ago
It is estimated that firms lose ___________ annually in productivity, absenteeism, and employee turnover due to caring for aging
Sergeu [11.5K]

Answer:

$11 billion annually.

Explanation:

Firms carried out assessments based on their daily activities as well as employee assessment.

Employees in firms are assessed based on their productivity level, rate at which they are absent from work as well as their turnover rate in the firm.

Low productivity can be defined as a decrease in the production capacity of a firm due to the inefficiency of workers.

Absenteeism can be defined as when a person is not present at work. This may be due to genuine or deliberate reasons.

Employee turnover can be defined as the number of employees who leave a firm and are replaced with new employees.

Low productivity, consistent absenteeism and employee turnover rates are said to cause firms to lose a lot of money due to:

a. Payment of salary for absent workers

b. Having to find replacement for absent staffs.

c. Low productivity due to lack of or absent staffs.

It is estimated that firms lose $11 billion annually in productivity, absenteeism, and employee turnover due to caring for aging parents.

7 0
3 years ago
What precautions does the government take to protect money?
Anestetic [448]

Answer:

Americans piled into the metal as protection from the collapsing value of the dollar. But since the 1970s, the government has enacted a series of laws that have made owning gold more difficult, more costly, and less private.

Explanation:

:D

7 0
2 years ago
Maryland Incorporated produces toys. Total manufacturing costs are $ 370 comma 000 when 60 comma 000 toys are produced. Of this​
ludmilkaskok [199]

Answer:

The total production costs when 105 comma 000 toys are​ produced are $467,500

Explanation:

Manufacturing or production costs are the costs which is incurred to Manufacture / produce the products being sold.

Total Manufacturing Cost = $370,000

Variable cost = $130,000

Variable cost per unit = $130,000 / 60,000 = $2.17

Total Fixed Cost = Total Manufacturing cost - Variable cost

Total Fixed Cost = $370,000 - $130,000 = $240,000

Total Production cost = Variable cost + Fixed Cost

Total Production cost = ( 105,000 x 2.17 ) + $240,000

Total Production cost = $227,500 + $240,000 = $467,500

6 0
3 years ago
Zenith, a popular restaurant chain, has many branches all over the world. The taste and quality of its food is the same across a
lakkis [162]

Answer:

Global marketing standardization

Explanation:

In Global marketing standardization technique  companies or firms try to create the equal standards of product and service globally, In general term Companies make the same quality and quantity of their product or service to create a uniqueness and market establishment.

In this situation, Zenith provides the same machine technology and ingredient for there customer. it is a type of Global marketing technique.

4 0
2 years ago
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