0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why do you need to understand Opportunity cost?
Opportunity cost is fundamental in understanding the true economist cost (and thus profitability) of actions.
What term applies to the statement the choice to do something is the choice not to do something else?
Opportunity cost applies to the statement the choice to do something is the choice not to do something else.
Is it true or false that a cost that will not be affected by later decisions is termed an opportunity cost?
A cost that will not be affected by later decisions is termed a sunk cost.
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
What was its opportunity cost?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
Why do you need to understand Opportunity cost?
Opportunity cost is fundamental in understanding the true economist cost (and thus profitability) of actions.
What is a true statement about the cost of technology?
cost must be considered when designing technology
What term applies to the statement the choice to do something is the choice not to do something else?
Opportunity cost applies to the statement the choice to do something is the choice not to do something else.
What term applies to the statement the choice to do something is the choice to not do something else?
Opportunity cost applies to the statement the choice to do something is the choice not to do something else.
Is it true or false that a cost that will not be affected by later decisions is termed an opportunity cost?
A cost that will not be affected by later decisions is termed a sunk cost.
Define opportunity costs?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
What was its opportunity cost?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
The defendant must be given an opportunity to be heard?
This is a true statement. In court the defendant will be represented by counsel and may choose to testify, or not.
Why is opportunity cost important?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
What statement about travel is true?
A constructed cost compares the cost of travel by the standard transportation mode to the cost of travel by an alternate mode.
Why is opportunity is important?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
