Answer:
Explanation:
Opportunity cost is the cost of missing out on the next best alternative. In other words, opportunity cost represents the benefits that could have been gained by taking a different decision.
All businesses have to make choices - and those choices have implications.
In business, resources are usually scarce or limited. Decision are made under circumstances of uncertainty and taking one course of action or decision may affect business ability to take an alternative action.
Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.
Examples of Opportunity Cost in the Business & Economic Environment
Work-leisure choices
The opportunity cost of deciding not to work an extra ten hours a week is the lost wages given up.
Government spending priorities
The opportunity cost of the government spending an extra £10 billion on investment in National Health Service might be that £10 billion less is available for spending on education or defence equipment.
Investing today for consumption tomorrow
The opportunity cost of an economy investing resources in new capital goods is the production of consumer goods given up for today.
Use of scarce farming land
The opportunity cost of using farmland to grow wheat for bio-fuel means that there is less wheat available for food production, causing food prices to rise
Trade-offs
A trade-off arises where having more of one thing potentially results in having less of another. The table below lists some examples of how trade-offs often arise in business - as a result of resource scarcity.
Which of the following sentences best describes the role of money in making the exchange of goods and services easier? Select two answers.
Benny trades books with his friend.
Ms. Kwan gives Gunther a 20-dollar bill for weeding her garden.
Martin is going to tutor Robin in math in exchange for baseball cards
Sam gives John a basket of apples in exchange for a loaf of bread
Jason's grandfather uses his credit card to purchase a new pair of shoes for Jason.
Frank is working to earn Mt. Tanner's antique bike by cutting his grass each week
Answer:
Martin is going to tutor Robin in math in exchange for baseball cards.
Frank is working to earn Mt. Tanner's antique bike by cutting his grass each week.
Explanation:
The exchange of goods and services refers to the system of bartering where the individuals doing the exchange make no use of money. In other words, the system of barter, commerce where there is an exchange between goods and services between people without the use of money.
In the given sentences, there is an exchange of goods and services in the case of Martin and Robin, and Frank and Mr. Tanner. In these two instances, the exchange does not involve money but an exchange between services rendered and goods given in return for the services.
Thus, the correct answer is the third and sixth options.
The Klumps have three children. Two of them are married and have started their own families. The third just graduated from college and moved to the city where he has his own apartment. The Klumps will now experience a situation sociologists refer to as _______.
Answer:
loneliness
Explanation:
Loneliness is a feeling or a mental emotion that people often feels when they are alone. It is a quality of being left alone and people feel sadness when they are separated from their family or when some loved ones departs.
Thus in the context, the Klumps whose children are married and have stared their own family, and the other child had just moved to the city where he have his own apartment, Klumps will now be alone and sad because they are now left alone in their house and their children have moved away. They will experience loneliness.
Which of these is one of the two biggest reasons for the nation’s widening income inequality?
a
an increase in service-sector jobs
b
discrimination against women and minorities
c
differences in education level
d
a decline in union membership
Answer:
c
Explanation:
Using four factors explain why achieving gender equality is important forc African societies
3. What are star made out of?
Based upon law of soil, any person born in is a u.s. Citizen. A) Mexico B) Germany C) Guam D) Canada
Which of the these situations are more likely to happen in a GOOD economy?
A. Alex just graduated from technical school and took a new
job that pays her a high salary.
B. Sigma Air, an airline company, hasn't been hiring new
employees to keep costs down.
C. Thrills Park delays building the new roller coaster until they
can get a bank loan.
D. Phyllis Coffee, a new business, isn't able to innovate their
coffee making process because money is tight.
Answer: A
Explanation: Alex was able to get a well paying job shortly after graduating.
A Good Economy is one where the employement rate is high, hence option A is likely to happen in a Good Economy.
Good EconomyThe Signs of Good Economy are high employment rate, Low Inflation, equilibrium in Demand and Supply, And strong Banking System. Among all the options only option A seems to be a situation of a Good economy.
The reason is because getting job right after graduation means, there is better system of managing human resource. As well as there is equilibrium in numbers of Skilled Students and the demand for skilled employees. Hence it is a sign of Good Economy.
Learn more about Good Economy here:
https://brainly.com/question/914619
What caused feudalism to decline in Europe? (Check all that apply)
A
The increased power of the Catholic church
B
Black Death: scarcity of laborers causing serfs to demand freedom
C
The Crusade caused trade to increase
D
The Crusades caused trade to decrease
E
Castles continued to provide safety and defense against invaders
F
The Catholic Church lost power which caused nobles to lose power
Which statement best describes the Three-Fifths Compromise? *
A. Each slave would be counted as 3/5 of a person for representation purposes.
B. Three-Fifths of the states would have a vote in Congress.
C. A bicameral Congress would be created as a compromise for big and small states.
D. The Senate would give every state equal representation.
Answer:
A
Explanation:
Every 3 slaves counted as one vote
Under the principle of _____, restrictions are placed on the powers of government.
Checks & Balances
I hope this helps!
correct answers only!
Which of the following would NOT be considered a factor of economic growth?
Question options:
Australia having large reserves of iron ore
Australia's government giving tax breaks to companies who invest in the latest technology for their business
Australia's giving tax breaks to the poorest of their citizens
Australia's government providing free public education and health care
Answer:
Large reserves of iron ore.
Explanation:
How are objectives and goals related?
A. Goals are short-term plans that support long-term objectives.
B. Objectives are short-term plans that support long-term goals.
C. Objectives are career plans that are supported by academic goals.
D. Objectives are academic plans that support career goals
Answer:
The answer to your question would be answer:
B. Objectives are short-term plans that support long-term goals.
Explanation:
All you have to do is think about it your welcome. (:
The objectives and goals are related to each other in the way that objectives are short-term plans that support long-term goals. The correct answer is B.
What are objectives?Objectives are specific, measurable, and achievable targets that organizations or individuals set to achieve their long-term goals. They are specific, measurable, and achievable targets that an individual, group, or organization aims to achieve within a certain time-frame.
Objectives are often set as a means of achieving broader goals or outcomes. They are the steps that an individual or organization takes to turn their strategic plan into action.
Objectives are short-term plans that support long-term goals is the relation between objectives and goals. Thus, the ideal selection is option B.
Learn more about objectives here:
https://brainly.com/question/28377025
#SPJ5
which geographic feature was the boundary line between the United States and French Louisiana Prior to the purchase of the territory in 1803?
What persuades voters to support a particular candidate?
Answer:
Probably, what they offer to the community, and your family.
Explanation:
People wants the best for their family, so supporting someone who offers support to their family is their best choice.
What type of economy is emerging in Nigeria under the reforms of the National Economic Empowerment and
Development Strategy (NEEDS) program?
A. mixed market economy
B.
free market economy
C.
command economy
D. traditional economy
Answer:
a
Explanation:
i just know
What is the cost of Student loans
Answer: Fees are 4.228% for federal PLUS loans for parents and graduate students. Origination fees are currently 1.057% for federal subsidized and unsubsidized loans for undergraduate and graduate students.
HOPE THIS HELPS
If you were looking to invest in a mutual fund with strong growth, what type of mutual fund
would you invest in?
A. An equity fund
B. A balanced fund
C. A fixed income fund
D. A money market fund
Answer:
c
Explanation:
Digressive and vague language with loose associations accompanied by attention and concentration problems are characteristic of:__________.
A) schizoid personality disorder.
B) avoidant personality disorder.
C) paranoid personality disorder.
D) schizotypal personality disorder.
Answer:
Schizotypal personality disorder.
Explanation:
schizotypal
This is simply refered to as social discomfort and low capability for close relationships with other people along with distinct thinking and behavior that is odd and eccentric thinking.
Schizotypal Personality Disorder
This is simply known as a pervasive way of social and interpersonal limitations. That it a low ability or capability of an individual for a close relationships with other people
People with Schizotypal Personality Disorders often experience constant and cognitive distortions and eccentric behavior. That is sometimes, they do notice flashes of light that no one else can see, or seeing objects or shadows in the corner of their eyes and then later realize that nothing is there. Individuals with this type of disorder often have odd beliefs such as they can read other peoples thoughts.
What would you want the people in the year (2200) to know about life on earth right now? What objects best represent who we are as people, our accomplishments, our joys and sorrows? Discuss.
What would you want the people in the year (2200) to know about life on earth right now? What objects best represent who we are as people, our accomplishments, our joys and sorrows? Discuss.
In the trial court system, an impartial ______, such as a judge or jury, has the responsibility of choosing between the two versions of the facts.
Answer:
Third party.
Explanation:
A court refers to an enclosed space such as a hall or chamber where legal practitioners (judges, lawyers or attorneys and a jury) converge to hold judicial proceedings.
There are different types of courts and these includes;
I. Trial court.
II. Circuit court.
III. Appeal court.
IV. Supreme court.
A trial court refers to a court of original jurisdiction and as such it is the court where issues of fact, evidence, laws, and testimony for a litigation are first received, considered and decided.
Additionally, the citizen jury are legally empowered by law to carry out an investigation with respect to a potential criminal case, engage in legal proceedings and determine whether or not an evidence is quite sufficient to warrant trial in a court of competent jurisdiction.
Hence, in the trial court system, an impartial third party, such as a judge or jury, has the responsibility of choosing between the two versions of the facts. Thus, grand jury are legally empowered by law to carry out an investigation with respect to a potential criminal case, engage in legal proceedings and determine whether or not an evidence is quite sufficient to warrant trial in a court of competent jurisdiction.
Part B
Briefly describe the person writing the letter. To whom is the letter addressed?
Answer:
The first line should be the name, including any honorifics such as Mr., Ms., Dr., etc. The second line is the recipient's job title. Their company's name goes on the third line. The remaining lines include street address, city, state, and ZIP code.30-Jul-2018
PLLSSS HELPP!!!. Write a two-page report on a person who has made a difference in the quality of
life in your community. Interview this person face-to-face. If this is not possible, a
telephone conversation is acceptable. If it is not possible to speak with the person
you would like to write about, either find another person to research, or find
another way to gain the information you need in order to complete the
assignment. You may have to speak with people who work closely with the person
you are interested in. If it is truly impossible to write about someone in your own
community, you may select someone else, anywhere in the world, who is
currently alive and actively involved in contributing to the quality of life in his or
her community or in the world.
Your report should include information about:
ü Character: Give specific examples of this person’s character traits and how
these find expression through his or her actions.
ü Ideals: How does this person live his or her ideals? How does his or her life
portray these ideals?
ü Achievements: Give examples of past achievements, and ideas this person
has for future contributions and projects.
You may use the box on the following page to write your report
Answer:
Explanation:
Survey research a research method involving the use of standardized questionnaires or interviews to collect data about people and their preferences, thoughts, and behaviors in a systematic manner. Although census surveys were conducted as early as Ancient Egypt, survey as a formal research method was pioneered in the 1930-40s by sociologist Paul Lazarsfeld to examine the effects of the radio on political opinion formation of the United States. This method has since become a very popular method for quantitative research in the social sciences.
The survey method can be used for descriptive, exploratory, or explanatory research. This method is best suited for studies that have individual people as the unit of analysis. Although other units of analysis, such as groups, organizations or dyads (pairs of organizations, such as buyers and sellers), are also studied using surveys, such studies often use a specific person from each unit as a “key informant” or a “proxy” for that unit, and such surveys may be subject to respondent bias if the informant chosen does not have adequate knowledge or has a biased opinion about the phenomenon of interest. For instance, Chief Executive Officers may not adequately know employee’s perceptions or teamwork in their own companies, and may therefore be the wrong informant for studies of team dynamics or employee self-esteem.
Survey research has several inherent strengths compared to other research methods. First, surveys are an excellent vehicle for measuring a wide variety of unobservable data, such as people’s preferences (e.g., political orientation), traits (e.g., self-esteem), attitudes (e.g., toward immigrants), beliefs (e.g., about a new law), behaviors (e.g., smoking or drinking
A second type of survey is group-administered questionnaire . A sample of respondents is brought together at a common place and time, and each respondent is asked to complete the survey questionnaire while in that room. Respondents enter their responses independently without interacting with each other. This format is convenient for the researcher, and high response rate is assured. If respondents do not understand any specific question, they can ask for clarification. In many organizations, it is relatively easy to assemble a group of employees in a conference room or lunch room, especially if the survey is approved by corporate executives
PLEASE HELP THIS IS VERY IMPORTANT I WILL GIVE U BRAIN THING IF ITS CORRECT
The spreading of white light into its full spectrum of wavelengths is called dispersion. Rainbows are produced by a combination of refraction and reflection and involve the dispersion of sunlight into a continuous distribution of colors
What is the purpose of the building seen above?
Answer:
is it a museum or some other things looking like it
Answer:
It's the Thomas Jefferson Monticello, it was used as a plantation for slaves.
Explanation:
says it at the top
What national park is located in west virginia?
Answer:
There are 6 West Virginia National Parks including Bluestone NSR, Gauley River NRA, Harpers Ferry NHP and more.
Explanation:
how human body is formed
The middle ages web quest
How do genies actions show his feelings for Ernie
Answer:
try, admires, and trusts
Explanation: Did it and got it right
Answer:
try admire n trust
Explanation:
What was likely more important to Henry Wadsworth Longfellow about Paul Revere's Ride: the details of the ride or the way the ride made people feel?
Please help I'll give brainliest ='>
Answer:
ppaul was a apple man
Explanation:
Robin begins to date Paul. Although Robin used to stay close to home and stick with a familiar routine prior to dating Paul, she now finds herself trying new foods, attending cultural events in her surrounding community, and trying Paul's favorite hobbies, such as skydiving. This change is most consistent with:
Answer:
b. The self-expansion model.
Explanation:
The self-expansion model is when a person moves out of their comfort zone to try other things. This may involve doing things that were once never tried out, or trying to incorporate the interests of another person(s), be it their interest or perspectives.
In the given scenario, Robin's change in her approach to be on the same page with her boy friend Paul shows a self-expansion in her personality. Even though she's a homebody and a stickler to a familiar routine, Paul's entry into her life changed all that. For Paul, she began trying out his interests and hobbies, be it eating foods he likes, socializing, and even trying out sky-diving. Her act of trying new things out of her comfort zone shows she's self-expanding, trying to accommodate the other person's interests in herself.
Thus, the correct answer is option b.