The term opportunity cost refers to the
[DOC File]Ch. 1 & 2
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Opportunity cost is best defined as: the actual money expenditure incurred when a decision is made. the value of the best alternative sacrificed when a choice is made. the total value of all the alternatives given up when a choice is made.
[DOC File]Which group of ratios measures a firm's ability to meet ...
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B) direct cost. C) fixed cost. D) opportunity cost. Level: Easy LO: 7 Ans: D. 32. The term that refers to costs incurred in the past that are not relevant to a decision is: A) marginal cost. B) indirect cost. C) period cost. D) sunk cost. Level: Easy LO: 7 Ans: D 33. The following costs were incurred in January:
[DOC File]gar003, Chapter 3 Systems Design: Job-Order Costing
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The term incremental cost refers to. a. the profit foregone by selecting one choice instead of another. b. the additional cost of producing or selling another product or service. c. a cost that continues to be incurred in the absence of activity. ... Opportunity cost = Selling price minus total variable costs $50 - ($5 + $6 + $8 + $2.50) = $28 ...
[DOC File]Edu @ Thinus - Home
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Which group of ratios measures a firm's ability to meet short-term obligations? Select correct option: Liquidity ratios Debt ratios Coverage ratios Profitability ratios You are considering two investment proposals, project A and project B. B's expected net present value is Rs. 1,000 greater than that for A and A's dispersion of net present ...
[DOC File]Econ - 102
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It refers to a general rise in prices across the whole economy. ... is the opportunity cost the sum of all of them? No. It is the sacrifice of the next best alternative. 9 ( (Box 1.2) 1. ... the graph will be a curve crossing the vertical axis at –6. As the value of x increases above 0 and the x2 term grows more and more rapidly, the curve ...
[DOC File]Chapter 10—Relevant Information for Decision-Making
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1. In this context, an opportunity cost refers to the value of an asset or other input that will be used in a project. The relevant cost is what the asset or input is actually worth today, not, for example, what it cost to acquire. 2. For tax purposes, a firm would choose MACRS because it provides for larger depreciation deductions earlier.
Opportunity Cost | Definition of Opportunity Cost by ...
Time is an important personal opportunity cost. Bloom's: Application Difficulty: Hard Learning Objective: 3 Topic: Personal Opportunity Costs 54. (p. 12) The time value of money refers to A. Personal opportunity costs such as time lost on an activity. B. Financial decisions that require borrowing funds from a financial institution. C.
[DOC File]Chapter 1—An Overview of Marketing
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Explain how increasing opportunity costs are reflected graphically in the production possibilities curve. How would the curve appear if opportunity costs were constant? (Answer verbally or illustrate your response with diagrams.) Multiple Choice Questions: (1) The term scarcity in economics refers …
[DOC File]Answers to Questions in Chapter 1
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The term marketing refers to: ... Involvement c. Opportunity cost d. Temporal cost e. Perceived level of personal risk ANS: B. This is the definition of involvement. 33. The types of products people purchase using routine response behavior are typically:
Chapter 01 Personal Financial Planning in Action
Given no other information, it follows that the farmer’s opportunity cost of a bushel of corn multiplied by his opportunity cost of a bushel of cotton. is equal to 1. is greater than 1 but less than 2. ... The term market always refers to.
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