BUSINESS HIGH SCHOOL

What is the opportunity cost of holding ​$1 comma 500 in cash if the relevant interest rate is 10 ​percent?

Answers

Answer 1
Answer:

Answer: $150

Explanation: Opportunity cost can be defined as the cost of loosing profits by not choosing the second best alternative over the best alternative. Every resource can be used for different alternatives and when an individual chooses one of those many alternatives, the potential loss of gain from the rejected ones is opportunity cost.

In the given case, the individual is holding the money in cash for use but if he had deposited it in a bank he could be eligible for interest. The amount of interest that he looses is his opportunity cost.

Thus, the amount of opportunity cost is $ 150.

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Although it can be expensive for businesses to implement operational efficiency, this cost produces greater quality results. For organizations with multiple divisions, developing processes once and repeating them saves time. True False

Answers

Answer:

False

Explanation:

Operational efficiency: It is defined as group of strategy and technique that management implement to produce goods and services at a cost-effective method, at the same time maintaining the standard and quality of product. The ratio of operational efficiency is measured by dividing total operational expenses with total revenue, it help to find the efficiency of the production or operation. It is helpful in improving process of production as well help in gaining more profit.

In the given situation, It is false to say that implementing operational efficiency can be expensive.

Quick Eats is a fast-food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursuing a low-cost position and doing well, Quick Eats also wants to adopt the same strategy. Which of the following will be a likely implication of this decision?A. Quick Eats will face low profit potential.
B. Quick Eats will be able to create higher value for its customers.
C. Quick Eats will be better placed to gain a competitive advantage in the industry.
D. Quick Eats will not face any direct competition in the industry.

Answers

Answer:

Which of the following will be a likely implication of this decision?.

B. Quick Eats will be able to create higher value for its customers.

Explanation:

A competitive advantage is to create value for your customers that in many cases your competitors cannot. Among which we can highlight lower cost, faster service, better customer service, a more convenient location.

Darren wants to impress his new girlfriend whose father is a nationally known race car driver. He drives his Lexus to the Chevrolet dealer and without negotiating, trades the Lexus in for a new smoke gray 545-hp Nissan GT-R. The car cost him $174,990 but he feels it is worth it to impress his girlfriend. What specific type of product did Darren purchase?

Answers

Answer:

Darren bought a differentiated product.

Explanation:

The differentiated product enjoys a distinction from similar products/brands in the market.  This distinction may be real or psychological.  Real distinction reflects from the ingredients, quality, utility, or service which the product gives.  Psychological distinction is a feature of subtle sales appeals.

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One hospital CEO insists on including performance data in the hospital’s annual report. "We do very well on most measures, except for one or two, but we put those in anyway," she says. "We want to hold ourselves accountable." Does this practice demonstrate effective or ineffective leadership?

Answers

Answer:

Effective leadership

Explanation:

Effective leadership is being about a good leader which encourages transparency. Good leaders exhibit confidence, courage, passion, ambition and commitment. In this leadership, the strengths as well as the talents of the people are nurtured and also people are motivated to achieve further goals. There are talks about poor results and work together to overcome the issues.

Hence, the given  practice demonstrate effective leadership.

Which best describes how a recession develops as demand and production decreases?

Answers

As the demand decreases, production also decreases. Due to this, products, goods, and services will have higher prices. Less people are required in the work force, resulting to lay-offs and rise of the unemployment rate. Consequently, the rate of investment also drops. All of this downgrading best describes how a recession develops. 

Answer:

C

Explanation:

Macroeconomics studies all of the following EXCEPT which one?A. aggregate supply and demand
B. how different markets affect one another
C. the behavior of economics on a large scale
D. why a specific consumer made a specific choice

Answers

D. why a specific consumer made a specific choice
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