0
The potential benefit that is given up when one alternative is selected over another is called?
Wiki User
∙ 11y ago
an opportunity cost
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
When a decision is made among a number of alternatives the benefit that is lost by choosing one alternative over another is the?
Opportunity Cost
What is external benefit?
An external benefit is a benefit that one person gains due to another person's actions
What is the purpose of using a cost benefit analysis?
You would use a cost-benefit analysis to see what the best approach would be to a problem. It helps you know what alternative is best in terms of effort, time, and cost.
Types of Cost-benefit analysis methods?
One type of cost-benefit analysis is cost minimization. This is where one determines the least costly alternative. Cost-of-illness analysis takes the economic impact of illness into account.
Is cost benefit analysis is another way to say supply and demand?
FALSE
When a decision is made among a number of alternatives the benefit that is lost by choosing one alternative over another is the?
Opportunity Cost
What is the benefit of being an olympic athlete?
The benefit of being an Olympic athlete might include fame and notoriety. Another benefit could include increased earning potential later in life due to that fame.
Alternatives to outsourcing?
Rural sourcing, where a company or organization hires from states with a cost of labor that equals to the cost of outsourcing offshore is another alternative. The benefit is obvious - zero language barrier.
What benefit does cvs employees get with Toyota?
They can buy a Toyota as selected dealers for cost + 1%.
What is another word for benefit?
another word for benefit is beneficial
What is external benefit?
An external benefit is a benefit that one person gains due to another person's actions
What best describes evolution?
Evolution is best described as a process by which organisms mutate and are thereby "selected" by nature as being fit for their particular niche. Mutations that serve no benefit are selected "against," and thus those organisms die and fail to propagate spawn. Mutations that benefit the organism and increase their ability to survive are selected "for," and result in a "next" or "new" evolutionary species.
What is the number of species that benefit from mutualism?
both species benefit from one another.
Does Clarinase affect pregnancy?
They don't know so it should be used only if the potential benefit justifies the potential risk to the fetus. Speak to your doctor.
Why do people still drill for oil if it could be a potential threat to causing oil spills?
The risk analysis shows that the potential for benefit outweighs the potential for loss. In other words, it is worth the risk.
What actors and actresses appeared in Another Goddamn Benefit - 1996?
The cast of Another Goddamn Benefit - 1996 includes: Kent Fuher
What are the benefits of having a 401k retirement plan?
A 401k retirement plan has many benefits. One benefit is that you have a chance to earn what is essentially free money. Typically out of every dollar paid it will be matched with 50 cents. Another benefit is that the vendor of the company selected to handle the 401k plan will deal with all accounting and testing needed.
