Opportunity cost is:

the value of the best alternative that you give up.

the most desired goods and services that are foregone in order to obtain something else.

what you sacrifice in order to do something.

All of the above are true.

Sally nash has decided she needs a new car. after doing some research, she has settled on a midsized four door sedan. she likes the honda accord and is exploring the features she needs and wants on this car.

Linda has signed a two-year long contract with HNS Inc., a clothing retail store, to work as a sales trainee. Linda's parents are outraged because Linda is not yet 18 years of age.

Karl Marx observed that workers produce virtually everything but get only a small portion of reward for it while the owners do little work and make large rewards off the labor of those who work for them. What is the term for this phenomenon?

Although Joanna expects much from her employees, the people that work for Joanna identify with her values, like her, and respect her as a person, Joanna has ___ power. a. reward b. legitimate c. referent d. expert

A project layout is: Group of answer choices a floor plan of the production facility a fixed location layout where the product remains in place for the duration of production a product-focused layout in which machines and workers are arranged

Assume that a firm separately determined inventory under FIFO and LIFO and then compared the results. In each space below, place the correct sign; less than (), or equal (=) for each comparison, assuming periods of rising prices. 1.

When an organization expands into a totally new line of business, it is implementing a strategy of: a. Related diversification b. Unrelated diversification c. Cross-functional diversification d. Product line diversification e.

Job seekers who lack skills that are demanded by employers are

Why is it important for managers to pay close attention to their organization's production system if they wish to be responsive to their customers?

Which inventory counting system keeps track of removals from inventory on a continuous basis?