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What describes the purpose of using cost-benefit analysis?
to make decisions that maximize benefitsThe purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.To make decisions that maximize benefits
What is opportunity cost and how does it factor into making economic decisions?
Opportunity cost is the value of the next best alternative that is given up when a decision is made. It factors into making economic decisions by helping individuals and businesses weigh the benefits and drawbacks of different choices and make informed decisions based on what they value most.
How did the huadenosaunee make decisions?
how did the huadenosaunee make decisions
Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
What is the importance of considering opportunity cost when making decisions?
Considering opportunity cost is important when making decisions because it helps individuals and businesses evaluate the value of the next best alternative that is forgone when choosing a particular option. By understanding opportunity cost, decision-makers can make more informed choices that maximize their resources and achieve their goals effectively.
What are the decisions taken by financial managers?
Decisions are not taken, they are made. Financial managers obviously make decisions about MONEY. Where to spend it and how much and why. Business owners are typically the financial manager of a company simply because they want to make money.
How did cost-benefit analysis help traders make decisions about business?
Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade.
Cost accountant duties?
A cost accountant is responsible for assigning cost to products. They have to be accurate because managers will make decisions based on this information.
What describes the purpose of using cost-benefit analysis?
to make decisions that maximize benefitsThe purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.To make decisions that maximize benefits
What factors have to be taken into account in a make or buy decision?
total cost
What role do scarcity and opportunity cost play in making management decisions?
If you do not have a resource, you will have to make different decisions. If you have an opportunity come up, you may have to change your plan.
What steps can be taken to make controlling cost easier?
leave money behind... xx
What is opportunity cost and how does it factor into making economic decisions?
Opportunity cost is the value of the next best alternative that is given up when a decision is made. It factors into making economic decisions by helping individuals and businesses weigh the benefits and drawbacks of different choices and make informed decisions based on what they value most.
How did the huadenosaunee make decisions?
how did the huadenosaunee make decisions
How did the community make decisions in Things Fall Apart by Chinua Achebe?
Most decisions were made by simply talking about them. For court decisions, people could go to their elders. If that was not enough, they would take their quarrels to the court of the land ruled by the egwugwu. Finally, decisions that needed the approval of the gods were taken to her oracle.
Was it like a dictatorship?
dictatorship was when someone would overrule and make choices for a country so that the countries decisions were taken away from them choices were made for them.
What decisions do you need to make before buying an engagement ring?
There are a few key decisions that should be made if one is going to purchase and engagement ring. These decisions include proper size for fit, cost, a jeweller, color, cut, and carat of the gem.
