Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. explain the term opportunity cost. select two d

1. Explain the term opportunity cost. Select two decisions, one from your personal life and...

90.2K

Verified Solution

Question

Accounting

1. Explain the term opportunity cost. Select two decisions, one from your personal life and one a common decision that manufacturers face, and provide specific examples of relevant opportunity costs.

2. In a decision about whether to accept or reject a special order, explain why it is important to know whether this a one-off decision.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

Four identical thin rods each of mass M and length form a square frame Moment...

Basic Math
1.2K views

An online shopper is viewing new dresses and tops on Site ABC for 1 hour...

Calculus
1.2K views

Find the points on the curve y = x + 3x^2 - 9x + 8...

Algebra
1.2K views

This means that rate of change of P with respect to x depends on the...

Accounting
1.2K views

When preparing a cash flow statement under the direct method, paying and collecting interest on...

Accounting
1.2K views

what are the effectiveness of federal safeguards designed to reduce financial reporting abuse

Accounting
1.2K views

An accounting must be familiar with the concept involved in determining earning of a business...

Accounting
1.2K views

Asset X had the following returns Year Returns 16% 1 2 18% 3 -9% 4...

Accounting
1.2K views

Chapter 8: Operating Assets: Property, Plant, and Equipment, and Intangibles MULTIPLE CHOICE 1. Francis Real...

Accounting
1.2K views

An account with a debit entry of K120,000 and a credit entry of K30,000 will...

Accounting
1.2K views

Chapter 15 Homework Help Save & Exit Submit Saved my 7 The following balance sheet...

Accounting
1.2K views

The trial balance of Flounder Fashion Center contained the following accounts at November 30, the...