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Opportunity cost definition?
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
To arrive at an economic decision a decision making grid may be used to evaluate?
Alternative choices of action.
What is the relationship between time value of money and opportunity cost?
Since the opportunity cost of an action is the highest-valued alternative given-up in order to take that action, many situations which involve economic decision-making have time as the opportunity cost (this is what is implied by the common expression, 'there is no such thing as a free lunch'). Time can be tricky to value, but if one spends time to do an action, the time-value of that action is the equivalent or compensating variation necessary to make the agent indifferent to either course of action. In simpler terms, the amount of money needed to make-up for the time lost by taking an action.
Do you have any real estate courses?
No. Answers.com does not offer real estate courses.
What is the difference between trade-off and oportunity cost?
trade-off means in exchange of one thing in return of another oportunity cost means the cost of alternative that must be forgone in order to pursue a certain action
How do you make alternative courses of actions?
Making alternative courses of actions would involve planning, research and dedication. There are many alternative courses of action for most everything in life.
What are the four criteria managers should consider in evaluating alternative courses of action?
The four criteria managers use are: Legality Economic feasibility Practicality Ethicalness
What is the ability to choose between and among alternative courses of action?
Discretion.
Where can I find cad courses ?
The invitations should offer courses in globalizing activities and especially important for areas of action of each of the people, so it is suggested that can be done briefly and consider key points.
What is step six in the tentative troop leading plan?
Develope courses of action
What are the critical risks and contingencies in a business plan?
These are the potential problems, risks, and remedies, as well as alternative courses of actions that your business can run into. In my bplan: IX. Critical Risks and Contingencies a. Potential Problems, risks, and remedies b. Alternative courses of action Such risks could be as big as a natural disaster, to as small as an employee getting sick or injured.
What two courses of action are available to a designer when he or she encounter an attribute?
what two courses of action are available to a designer who encounters a multivalued attribute
What is the nature of secondary data sources in business research?
Secondary data sources help support claims made by initial research. Additionally, secondary research can help identify alternative courses of action.
Is uranium an alternative energy resource?
It is widely used now in the world, but you could consider it an alternative to coal
What is a systematic plan for courses of action?
This is called a strategy.
What is courses of action?
One vetted by higher HQ
Why could you consider the sun free energy justify?
it is alternative.
