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The potential benefit lost by choosing a specific action from 2 or more alternatives is known as opportunity cost. It refers to the value of the next best alternative that is forgone when a decision is made. Understanding opportunity cost helps in making more informed decisions by considering the trade-offs involved in choosing one option over another.

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1y ago

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Which of the following may be a benefit of the overproduction of proteins?

One potential benefit of overproduction of proteins is that it can provide a surplus of a particular protein that is needed for a specific cellular process or function. This can ensure that there is enough of the protein available to carry out its intended role effectively. Additionally, overproduction can serve as a protective mechanism to compensate for potential loss or degradation of proteins.


What is the core benefit?

The core benefit is the primary value or advantage that a product or service offers to its customers. It addresses the fundamental need or problem that the product/service aims to fulfill or solve, making it the main reason why customers choose it over alternatives.


What is the benefit of man made materials?

Man-made materials can offer advantages such as greater durability, consistency in quality, and the ability to be tailored for specific properties or functions. These materials can also be more cost-effective and environmentally sustainable compared to natural alternatives in certain applications.


List one benefit and one disadvantage of a multidisciplinary approach?

Benefit: A multidisciplinary approach can lead to innovative solutions by combining various perspectives and expertise. Disadvantage: It can be challenging to coordinate and integrate the different disciplines, leading to potential communication barriers and conflicts.


What is a risk and benefit analysis?

A risk and benefit analysis is a process used to evaluate the potential positive and negative outcomes of a decision or action. It involves identifying the risks associated with a particular course of action, weighing them against the potential benefits, and determining if the benefits outweigh the risks. This helps in making informed decisions that minimize the negative impact while maximizing the positive outcomes.

Related Questions

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 forgone benefit of choosing option A over option B?

The forgone benefit of choosing option A over option B is the potential advantages or rewards that could have been gained by selecting option B instead.


How do rice and alternatives benefit su?

it has carbohydrate,fibre,and mirals


What is the benefit of choosing extended term as a nonforfeiture option?

it has the nighest amount


What does product-benefit market segmentation involve?

Product-benefit segmentation is based on the perceived value or advantage consumers receive from a good or service over alternatives


What is the benefit forgone when choosing to invest in a low-risk savings account instead of a high-risk stock market investment?

The benefit forgone when choosing a low-risk savings account over a high-risk stock market investment is the potential for higher returns. In other words, by opting for the safety of a savings account, you may miss out on the opportunity to earn greater profits that come with investing in the stock market.


How would someone benefit from choosing service oriented architecture over a more commonly used application infrastructure?

You can benefit from choosing your service orientated architecture for it's services principles. These principles include abstraction, discoverability, composability, and autonomy.


What specific need or benefit will your product or service address?

The specific need or benefit my product or service can address to my costumer are satisfaction and contentment.


What is the sacrifice involved when you choose a particular course of action called?

The sacrifice involved in choosing a particular course of action is often referred to as an opportunity cost. This represents the potential benefit or value that could have been obtained from choosing an alternative course of action that was not pursued. Making decisions involves weighing the benefits of the chosen action against the costs of forgoing other options.


What points should be considered when choosing labor saving devices?

When choosing labor-saving devices, it is important to consider the specific tasks or processes that need to be automated or simplified. Assess the compatibility of the devices with existing systems and workflows to ensure seamless integration. Evaluate the cost-benefit analysis, taking into account initial investment, maintenance costs, and potential long-term savings in time and resources. Additionally, consider the training requirements for employees to effectively use the devices.


Which of the following may be a benefit of the overproduction of proteins?

One potential benefit of overproduction of proteins is that it can provide a surplus of a particular protein that is needed for a specific cellular process or function. This can ensure that there is enough of the protein available to carry out its intended role effectively. Additionally, overproduction can serve as a protective mechanism to compensate for potential loss or degradation of proteins.


Defined Benefit Plan?

Promises a specific monthly benefit as an exact dollar amount at retirement.