Ask Question
BusinessBusiness
25 July, 20:31

In one or two sentences, describe why descions are based on expected costs and benefits

+5
Answers (1)
  1. 25 July, 22:39
    0
    People have limited resources, so each purchase decision has to be based on weighing the pros and cons. If the expected benefits of something are higher than the expected costs, they will make the decision but if the costs are higher than the benefits they will avoid making it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In one or two sentences, describe why descions are based on expected costs and benefits ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A monopolist introduces a technological innovation that lowers the marginal cost and average cost of production. The price of the good and the level of output are most likely to change in which of the following ways: A.
Answers (2)
A pool has a bad lining and a non-working pump. What should the buyer's agent tell their client about this situation and its effect on the price of the home?
Answers (1)
A British Tran jet costs $55,000,000 and is expected to fly 500,000,000 miles during its life Residual value is expected to be zero because the plane was used when acquired.
Answers (1)
BTR Co. has 9% annual coupon bonds that are callable and have 18 years left until maturity. The bonds have a par value of $1,000, and their current market price is $1,160.35. However, BTR Co.
Answers (1)
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available.
Answers (1)
New Questions in Business
Why would an advertiser use a mixed-media approach? It is less expensive than a homogeneous media mix It gives more exposure than a heterogeneous media plan It is easier to schedule than any other type of media mix It produces an effect where the
Answers (1)
Select the answer that best decribes what an opportunity cost is
Answers (1)
Suppose the U. S. government encouraged consumers to trade in their old automobiles for more efficient, new models by paying up to $5,000 for the old automobiles.
Answers (1)
What are the principal accounting reports involved in the financial reporting process? in general terms, what is the purpose of these reports?
Answers (1)
Using technological tools to craft reports and proposals a. reduces the mechanical work involved in developing long reports and proposals. b. eliminates the need for the writer to do any work. c.
Answers (1)
Home » Business » In one or two sentences, describe why descions are based on expected costs and benefits
Sign Up Forgot Password?