Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.
<h3>What is O
pportunity Cost?</h3>
Opportunity cost is a concept in economics and it refers to the cost of something that has to be given up to enjoy something better. This can be for example the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).
It is the amount or benefits an individual or organization get when they choose a particular products over another one.
The advantage could be monetary benefits.
Therefore, we can conclude that Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.
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Business Continuity Planning
<u>Explanation:</u>
<u></u>
Business Continuity Planning (BCP) is the procedure engaged with making an arrangement of anticipation and recuperation from potential dangers to an organization. The arrangement guarantees that work force and resources are secured and can work rapidly in case of a catastrophe. The BCP is by and large imagined ahead of time and includes contribution from key partners and work force.
BCP includes characterizing all dangers that can influence the organization's activities, making it a significant piece of the association's hazard the executives methodology. Dangers may incorporate cataclysmic events—fire, flood, or climate related occasions—and digital assaults.
When the dangers are distinguished, the arrangement ought to likewise include:
- Deciding how those dangers will influence tasks
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Executing protections and strategies to relieve the dangers
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Testing systems to guarantee they work
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Auditing the procedure to ensure that it is modern
Answer:
C) Z is a substitute for input X in the production of Y.
Explanation:
Goods are substitutes if they can be used in place of each another. For example, pen and pencil can be considered as substitute.
If the price of a good decreases, the demand for that good increases and the demand for the subsituite falls. X and Z are substitutes
Complements are goods that are consumed together e.g. bread and butter.
Inputs are goods used in the production of output. If the price of input increases, the price of the output increases. Therefore, X is an input in the production of Y.
Since X and Z are substitutes, and X is an input for Y.
I hope my answer helps you
Answer:
The right solution is Option C "$4,000".
Explanation:
The given values are:
Breakdown cost,
= $3,000
Per week cost of preventive maintenance,
= $1,000
Breakdown per week,
= 1
Now,
The cost per week will be:
=
On substituting the values, we get
=
= ($)
Answer:
1. Calculate the NPV and IRR with mitigation. Round your answers to two decimal places. Enter your answer for NPV in millions.
- NPV = $2.39 million
- IRR = 15.24%
2. Calculate the NPV and IRR without mitigation. Round your answers to two decimal places. Enter your answer for NPV in millions.
- NPV = $9.96 million
- IRR = 19.86%
Explanation:
1) initial cost $80 million
expected cash flows $24 during the next 5 years
WACC = 14%
using a financial calculator (or excel spreadsheet),
NPV = $2.39 million
IRR = 15.24%
2) initial cost $69 million
expected cash flows $23 during the next 5 years
WACC = 14%
using a financial calculator (or excel spreadsheet),
NPV = $9.96 million
IRR = 19.86%