selecting your time rather than your money to meet your needs, achieve your goals, and satisfy your personal values are example of personal opportunity cost.
The opportunity cost of a particular activity in microeconomic theory is the value or benefit given up by engaging in that activity in comparison to engaging in an alternative activity. Simply put, if you choose one activity (for example, an investment), you forfeit the opportunity to do something else. The optimal activity is the one that, net of opportunity costs, provides the highest return when compared to all other activities.
Sacrifice is a predetermined measure of opportunity cost in which the decision maker foregoes the opportunity of the next best alternative. To put it another way, ignoring the equivalent utility of the best alternative choice in order to gain the utility of the best perceived option. If there are no sacrifices to be made, then these are cost-free decisions with no opportunity cost. People can choose a path where the actual benefits outweigh the opportunity cost by analyzing opportunity cost, allowing limited resources to be optimally allocated to achieve maximum efficiency.
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an economic system in which the market largely determines what products get produced, who gets them, and how the economy grows is a economy.
Cards. economies in which the production of goods and services, their consumption, and the rate of economic expansion are largely determined by the market. The term used to describe this economic structure is capitalism.
In a capitalist economy, private people or companies own the capital assets. The labor force, which does not own the means of production but merely uses them on behalf of the capital owners, is employed by business owners (capitalists).
Exactly who gains from capitalism?
Individual capitalists are often rich persons who have a significant amount of capital (cash or other financial assets) invested in their businesses. They gain from capitalism by increasing their wealth through increased profits.
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financial statement auditing and services are both types of assurance services, but services are not.
Financial statement auditing and attestation services are both types of assurance services but consulting services are not.
Financial normally refers to cash matters or transactions of a few lengths or importance: a financial wizard. Monetary is used specifically in reference to government finances, or those of any enterprise: the end of the fiscal year. Economic relates, in particular, to cash as such: a monetary machine or popular.
Financial economics is a department of economics that analyzes the use and distribution of assets in markets. Economic choices have to regularly don't forget future occasions, whether or not the ones be related to man or woman stocks, portfolios, or the market as a whole.
In line with Blackwell, there are numerous triggers that could purpose financial anxiety. Some commonplace ones encompass a potential process loss, a money misstep, a lack of private finance training, or your adolescent beliefs approximately cash.
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Gina is conducting a bank reconciliation. She finds that the reason why the
accounts do not balance is because of a service fee. This amount should be
OA. added to the bank balance
B. added to the book balance
OC. subtracted from the bank balance
OD. subtracted from the book balance
Answer:
C. subtracted from the bank balance
Explanation:
A service fee is an amount charged by banks for services rendered. It is an income to the bank but an expense to the business. The banks deduct service fees automatically from the customer's accounts. The amounts and the date that a service fee has been charged reflects as a deduction on the customer's bank statement.
In reconciliations, the service fee should be deducted from the bank's balance. It is money that belongs to the bank and should reduce the customer's bank balance.
Answer:
D. Subtracted from the book balance
Hope this helps :)
Which of the following is the term used to describe costs which change day to day, week to week and month to month based on business activities?
Answer:
Variable costs
Explanation:
Variable costs is the term that describes business costs that vary with the production level. An increase in output increases the variable costs. Variable costs are progressive and increase or decrease with the production volume.
Examples of variable costs include raw material and distribution costs. Variable costs contrast with fixed costs, which remain constant throughout a financial period.
mr. thomas has $100 income this year and zero income next year. the market interest rate is 10 percent per year. mr. thomas also has an investment opportunity in which he can invest $50 this year and receive $80 next year. suppose mr. thomas consumes $50 this year and invests in the project. what will be his consumption next year?
Kingdom tax groups have their very own rule and lots have greater time to acquire. as an example, California can gather nation taxes up to twenty years after the evaluation date.
Solution:
Income $100
Used $50
Remaining $ 50
Invest in Project Projecta $50
Receive $ 80
Consumption next year = $ 80.
The penalty is normally 5% of the tax owed for every month or a part of the month the return is overdue. The most failure-to-record penalty is 25%. if your go-back is extra than 60 days late the minimum penalty for no longer filing taxes is $435 or the amount of tax owed whichever is smaller. Any 12 months you have minimal or no income you may be capable of bypassing filing your tax return and the related office work. however, it is flawlessly criminal to document a tax return showing 0 earnings and this is probably an awesome idea for some reasons.
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Lisa loves to draw and has a good eye for what is visually appealing. She wants a job where she can work independently, and possibly be self- employed. Which marketing position best matches her interests and career goals? A. Logistician B. Marketing research analyst O C. Sales representative D. Graphic designer
Answer:
D. Graphic designer
Explanation:
Graphic designers use visual arts such as images, words, and graphics to communicate with their audience. They may use hand or computer software to create captivating messages that inform, inspire, and attract customers' attention.
The objective of marketing is to make customers interested in the company's products. Graphic designers can use their talents to create charming visual arts to make customers want to buy a company's products. Graphic designers can be employed, but the majority work as independent contractors. Lisa has the skills to be a graphic designer. She can practice her talent as a self-employed individual.
Answer:
Graphic designer
Explanation:
I just did it
14. Joss Norton deposited a check for $474.85 and a check for $821.15. He
received $50 In cash. What was his total deposits?
What are the three ways through which a company tries to sell its products?
Answer:
Taking the time to talk about the quality of the product and explaining its purpose. And saying how it would be a good price for something like the product theyre selling hope this helped..... :)
Explanation:
in the leader role, managers pass privileged information directly to subordinates, whereas in the disseminator role, managers send information to people outside of their organizations.
False, in the leader role, managers pass privileged information directly to subordinates, whereas in the disseminator role, managers send information to people outside of their organizations.
What is a Leadership Role?A leadership role involves taking charge of a team or entire organization.
A leader has the ability to influence others and guide your team in a shared strategy. The leader is also responsible for building and maintaining employee morale, helping employees reach their full potential and inspiring employee loyalty.
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The cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning
Answer:
fund-raising
Explanation:
Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.
Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.
an inflationary gap occurs when the as curve and the ad curve intersect of the potential gdp line.
An inflationary gap occurs when real GDP exceeds potential GDP and that brings a rising price level. An inflationary gap occurs when the AS curve and the AD curve intersect to the right of the potential GDP line. An inflationary gap is the difference between the current level of real GDP and the GDP that would exist if an economy was fully employed.
The current real GDP must be greater than the potential GDP for the gap to be termed inflationary. Assume that there is a national economy that produces 10,000 gallons of milk every week. However, the total weekly milk demand is 15,000 gallons.
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what are true statements about the history of the fractional banking system? multiple select question. the gold reserves represented over 100% of the total money supply. the gold receipts were not accepted as a medium of exchange. goldsmiths issued paper receipts in excess of the amount of gold held. goldsmiths put the paper receipts into circulation by making loans. traders would deposit their gold with goldsmiths.
The true statements about the history of the fractional banking system include the following:
"Goldsmiths issued paper receipts in excess of the amount of gold held.""Goldsmiths put the paper receipts into circulation by making loans.""Traders would deposit their gold with goldsmiths."What is a fractional banking system?A fractional banking system can be defined as a type of banking system in which only a fraction (small portion) of checkable deposits are backed up by actual cash in bank vaults or deposits in the central bank, and are available for withdrawal.
This ultimately implies that, banks that are operating on the basis of fractional reserves are very much vulnerable and prone to either panics (runs).
Basically, the true statements about the history of the fractional banking system include the following:
Many goldsmiths issued paper receipts in excess of the amount of gold they held. Paper receipts were put into circulation by goldsmiths through loans. Traders usually deposit their gold with goldsmiths.Read more on fractional banking system here: https://brainly.com/question/25239575
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who was the first wwe champion
Answer:
Buddy Rogers
Explanation:
Answer: Buddy rogers, is the correct answer.
a firm has a when its goods are made more valuable in the presence of those of another firm. competitor substitute supplier complement
A firm has a when its items are made greater precious within the presence of these of any other company: complement
A firm is a for-profit commercial enterprise—including an employer, limited liability business enterprise (LLC), or partnership—that gives professional services. A firm is any type of business. Examples of firms are a sole proprietorship, partnership, restrained liability employer, or enterprise. The time period is slightly greater commonly related to a partnership.
According to the net Etymology Dictionary, in 1744, the time period first emerged in the English language with the means of 'business residence'. it's miles believed to have come from the German Firma which means 'a enterprise, call of an enterprise,' which came from the Italian word Firma, which means 'signature', and Firmware 'to sign'.
A firm can be a company such as a consumer item keep that offers a physical product. it can additionally describe service providers together with barbers. though the word firm can confer with any for-income commercial enterprise, we use it greater regularly to describe entities in particular industries consisting of regulation and accounting.
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juanita makes $36 an hour at work. she has to take time off work to purchase her dress, so each hour away from work costs her $36 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.
The opportunity cost of time is $36.
How to calculate the cost?It should be noted that the opportunity cost simply means the real cost of an alternative that's forgone. It should be noted that opportunity cost simply implies the thing that we will forgo just to have something else.
Here, the opportunity cost of time will be:
Travelling time = 30 minutes
Shopping time = 30 minutes
Opportunity cost = 30 minutes + 30 minutes
= 60 minutes
Therefore, the appropriate opportunity cost for this is $36. This is the amount that could have been made for that particular period.
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juanita makes $36 an hour at work. she has to take time off work to purchase her dress, so each hour away from work costs her $36 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.
Fund the opportunity cost of time.
Pepsico entered into a long-term contract with a south african beverage company. The contract calls for the south african firm to produce and market pepsi products in the country. Pepsico will receive royalties on each case of sodas sold. This is an example of.
Joint venture
Pepsico signed a long-term agreement with a South African beverage company. The agreement calls for the South African company to manufacture and market Pepsi merchandise in the country. Pepsico will be compensated for each particular instance of soda sold. This is an example of a joint venture.
A joint venture is a partnership between two or more parties to develop a single organization or project for profit while sharing the risks involved with its development. The joint venture's parties must consist of at least two natural persons or entities.
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which one of the following is a potential problem with management's comunication of financial information that causes third parties to desire the independent auditor's assessment of the financial statement presentation
Complexity of transactions affecting the financial statements and
Remoteness of the user from the organization
What is financial statement?The business operations and financial performance of an organization are described in financial statements, which are written records. To ensure accuracy and for tax, financing, or investing purposes, financial statements are frequently audited by government entities, accountants, corporations, etc.
The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements for for-profit entities. Financial statements are used by nonprofit organizations, although they are similar.
Financial statistics are used by investors and financial analysts to assess a company's performance and forecast the course of its stock price in the future. The annual report, which includes the company's financial statements, is one of the most crucial sources of accurate and audited financial data.
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What characteristic is somewhat shared by perfect competition and
monopolistic competition?
Few sellers
O Unique products
Government controls
O
Ease of entering
Answer:
Ease of entering
Explanation:
The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.
In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.
bobby and josephine are married and they work together. they have decided to maintain separation at work, though they are extremely close at home. based on our discussion of dialectic theory, which management technique are they using?
They are using segmentation as a management technique.
the required details about Democratic Theory is mentioned below
According to social dialectical theorists, all relationships—friendships, sexual ties, and family relationships—are intertwined in a number of contradictions.
Like any family, the many dialectical approaches have some things in common and some things that set them apart. The traits that are frequent are highlighted in this item.
.
The dynamic interaction between two unified opposites is a contradiction. Comprehending these three concepts—opposites, united, and dynamic interplay—is necessary for understanding this term.
The concept of opposition requires mutual negation since, according to semantics, opposites are synonyms of one another and are used to contradict, undo, cancel, or in some other way undermine one another.
The Chinese concept of Yin and Yang serves as the theoretical foundation for dialectics.
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WHAT ARE TWO BENEFITS AND DRAWBACKS OF BEING A SOLE TRADER?
Explanation:
benefits of being a sole trader
The main benefit of being a sole trader is that you are your own boss and you can dictate the direction of the business.you keep all the profits andyou have maximum privacy.
drawbacks
Financing and business credit is harder to procurePotential credibility issueWhat document outlines the terms and conditions under which a tenant occupies a property, and outlines the rights and responsibilities of both parties? a. lease c. rent-to-own contract b. purchase agreement d. home equity loan
Answer:
a. lease
Explanation:
Lease is defined as a contract agreement that states the amount a lessee pays to the lessor for use of a property.
Also various conditions of use are usually stated in the lease.
For example who will handle maintenance of the property.
These terms are agreed by both parties and is binding on them.
Information like the lease amount, due date, lessor, and lessee are stated
unlike other levels of management, these managers spend a fair portion of time supervising the work of their subordinates.
Low-level managers unlike other levels of management, these managers spend a fair portion of time supervising the work of their subordinates.
What is the role played by Low-level managers?Low-level managers prioritize completing tasks and producing results while acting as mentors for the staff they are responsible for. First-line managers must support work-life programs whether or not top management does, as they are the managers who work directly with employees at the lowest level of an organization.
Therefore, Low-level managers unlike other levels of management, these managers spend a fair portion of time supervising the work of their subordinates.
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coso enterprise risk management framework, each of the following is considered by management as part of a risk assessment
COSO enterprise risk management framework as Unknown risk.
What is risk assessment?Identifying and assessing probable occurrences that could harm people, property, and/or the environment, as well as making decisions "on the tolerability of the risk based on a risk analysis" while taking influencing factors into account, are all incorporated into a risk assessment. Enhancing occupational health and safety is the ultimate goal of risk assessments. But to do this, workplace hazards must be identified and the risks they cause must be diminished or eliminated as part of the risk assessment process. Risk assessments at work are the employer's responsibility, thus they are in charge of seeing that they are done. As long as they are qualified to do so, an employer can choose a suitable person to do a risk assessment on the organization's behalf.
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How would you best spend R1000 in a period of one month as a teenager
As a teenager who has R1,000 to spend in one month, you should save 20%, spend 50% on the things you need, and 30% on the things you want.
How should the money be spent?One of the best ways to spend money as a teenager is to use the 50/30/20 rule.
This rule means that you spend 50% of the R1,000 on needs such as schooling equipment and essential clothing and school lunch.
30% should then be spent on wants such as new shoes or on going out with friends. 20% of the R1,000 should then be saved which comes to about R200.
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Unlike with domestic marketing, one of the key challenges of marketing globally is making sure that the marketing efforts meet the needs of the specific global market—what is also known as.
Unlike with domestic marketing, one of the key challenges of marketing globally is making sure that the marketing efforts meet the needs of the specific global market. It is also known as cultural fit.
What is meant by domestic marketing?The supply and demand of goods and services within a single nation is known as domestic marketing. Although the company may have many market sectors, in domestic trade a firm fundamentally only has to deal with one group of consumers and one set of competitive, economic, and market challenges.
How can domestic market be improved?This can be accomplished via enhancing resource allocation, or redistribution of labour and capital to enterprises with higher productivity. The output from these businesses will increase as a result of improved use of the production variables.
What are similarities between international and domestic marketing?Building goodwill in both the home and international markets is necessary. Developing consumer goodwill is crucial. The era of caveat emptor is over, and now it's the era of caveat vendor. To win over clients, generous guarantees and after-sales service must be offered on a large scale.
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A supplier is an external stakeholder that?
Answer: A supplier is an external stakeholder that a business must communicate with.
Explanation: It is very important that good communication is maintained with suppliers as they provide the goods and services that are necessary for a business to operate.
in a(n) blank , there are no tariffs or quotas when members trade, and each member maintains its own external tariff on goods arriving from countries in the rest of the world.
In a free trade area, there are no tariffs or quotas when members trade, and each member maintains its own external tariff on goods arriving from countries in the rest of the world.
What is a free trade area?These areas are related among the group of countries that are committed to removing all barriers to the free flow of goods and services between each other but also pursuing an independent external trade policies.
In these area, there are usually no tariffs or quotas when members trade and each member maintains its own external tariff on goods arriving from countries in the rest of the world.
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Which is the BEST goal to use when creating a marketing strategy?
O
raise awareness of the brand
increase sales by 5 percent
get more customers to visit the website
add teenagers to the target market
Answer:
I guess the answer is :- increase sales by 5 percent
If 8,000 units are produced and sold, what is the variable cost per unit produced and sold?.
Take each variable cost and multiply by 8,000, then take the total and divide it by 8,000 to get the cost per unit.
Sum all the variable costs required to produce the unit to get the total variable cost of the unit produced. Multiply the variable cost of a unit of a product by the total number of units produced. The sum of this calculation is the total variable cost.
Definition: Unit variable cost is the cost of production for each unit produced that is affected by changes in a firm's production volume or activity level. Unlike fixed costs, these costs change as production increases or decreases.
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Salaries and wages expense should have been accrued on december 31st, but the entry was not made. The result of this oversight is that.
Salaries and wages expenses should have been accrued on December 31st, but the entry was not made. The result of this oversight is that the liabilities are understated
Cash, inventory, property, accounts receivable, prepaid expenses, and equipment are examples of small-business assets. Lease obligations, short and long-term debt, accounts payable, and income taxes are all examples of liabilities. On a balance sheet, assets equal total liabilities plus owner's equity, so understating liabilities increases assets and owner's equity. This may make the company's financial situation appear more robust. Understating assets reduces profits, making the company appear weaker than it is. On an income statement, understatements have the same effect. On a cash-flow statement, understating liabilities increases cash flow, while understating assets decreases cash flow.
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