I only need help with 5b

I Only Need Help With 5b

Answers

Answer 1

Answer:

.

Explanation:

I'm pretty sure it's asking what could help, or stop this. (What could end the pay gap)


Related Questions

Explain what is meant by the saying that consumers "vote" with their dollars every time they buy products in the marketplace

Answers

What is meant by means of pronouncing that consumers  "vote" with their greenbacks every time they purchase merchandise inside the marketplace when purchasers purchase something, they send a message to companies regarding their shopping for preferences, helping to direct use resources

The definition of a consumer is a person that buys goods and services. An instance of the customer is someone who purchases a brand new tv. A heterotrophic organism feeds on different organisms in a meal chain.

The consumer is the only one who's the end-person of any items or offerings. Any person, aside from the consumer who buys the product or offerings, and consumes the product via taking his/her permission is categorized as a customer.

Consumers represent the top trophic stages. not like producers, they can't make their personal food. To get electricity, they eat vegetation or different animals, even as some devour each. Scientists distinguish between numerous forms of customers. primary clients make up the second one trophic degree.

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Choose the most correct statement: please help asap!!

Answers

For Question 3

'Private transportation has the highest costs associated with maintenance, but offers better mobility in the U.S.", option B is the most correct.

For Question 4

"All of the above", option D is the correct answer because speeding tickets and accident with self-fault increases cost of insurances.

What is insurance ?

Most individuals have insurance of some type, whether it is for their life, their home, or their car. However, the majority of us rarely pause to consider what insurance is or how it functions. In a nutshell, insurance is a contract, symbolized by a policy, under which a policyholder receives financial security or compensation from an insurance firm against losses. In order to make payments to the insured more manageable, the company pools the risks of its clients.

Hence, Option B and D are correct respectively.

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Challenges in managing human resources have evolved due to changing demographics affecting the workforce. Describe how demographic changes such as diversity, the aging population, worker expectations, ethics, and social responsibility affect the management of human resources.

Answers

Answer:

what I'm confused

Explanation:

i don't know

ASAP Please

Shelly purchased a $50,000 nonparticipating whole life insurance policy. The annual premium was $1,278. The cash value of the policy after 10 years will be $13,740. Assuming 5 percent interest, what is the surrender cost of this policy, per thousand per year, over the first 10 years the policy is in force?

Answers

The Per a thousand surrender cost is $4.75 over the first 10 years the policy is in force in a nonparticipating whole life insurance policy by Shelly.

What does the surrender cost?

The surrender cost means the price that is being lived on the customer, this is because the policyholder is canceling their policy.

Annual Premium  = $1278

Cash Value  = $13,740

Interest rate = 1.3127%

The future value of $1 deposited at the start of the year at 5% is $13.207

Let the future value = $13740

amount to be deposited per annum

= $13740/13.207 = $1040.36

Difference between the premium paid and derived annual payment

= $1278 - $1040.36 = $237.64

The difference per thousand per annum of, 50000 = $ 237.64/50

= $4.7528 or $4.75

Per a thousand surrender cost of the policy = $4.75

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Which of the following would be most likely to improve your teamwork skills
and make your resume more impressive?

A. Joining a student organization that focuses on an awareness of
health care careers
B. Joining a student organization that focuses on team competitions
C. Joining a student organization that focuses on individual
competitions
D. Joining a student organization that focuses on building
technology skills

Answers

The right response is (b), or signing up for a student organization that emphasizes team competitions.

Teamwork is allowed as a skill on a CV.

A prospective employer can be confident that you will be able to collaborate with others to accomplish tasks in order to meet organizational or functional group goals by looking at your teamwork skills, which are among the workforce competencies. Consider your experiences working in teams, and be sure to explicitly list these on your CV.

How would you characterize your capacity for teamwork?

When you work well with people during discussions, projects, meetings, or other collaborations, you have developed teamwork skills. Being able to effectively communicate, actively listen, and be responsible and honest are all necessary for cooperation.

Why is working in a team a valuable skill?

Because teamwork allows your group to share ideas and duties, it makes everyone feel less stressed and enables them to be more meticulous and thorough in their task completion. This will help them fast reach their sales objectives.

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Corporate strategies are increasingly focused on environment social and governance practices with the regulators looking to adopt new standards. Please comment on how businesses can take responsibility of their ESG practices and how these factors will impact their obligations and behaviours to drive a sustainable business

Answers

Company strategies are increasingly centered on environmental social and governance practices with the regulators looking to adopt new standards: statement on Environmental, Social, and Governance Disclosures for investment Advisers and investment agencies Commissioner Hester M.

While absolutely defined, a company strategy will paint to set up the overall price of a business, set strategic dreams, and motivate personnel to gain them. it's far a non-stop system that should be carefully tailored to respond as it should be to converting conditions inside the marketplace.

Kinds of Company strategies – four foremost kinds: stability strategy, enlargement strategy, Retrenchment strategy, and a combination strategy. The corporate level prevalent strategies pertain to figuring out the businesses the business enterprise shall be engaged in. primary duties: corporate strategists or “enterprise strategists” examine cutting-edge commercial enterprise techniques and expand and put into effect new techniques to improve upon contemporary consequences and/or to fulfill new desires.

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Which of the following is done by the American government to counteract economic contraction?
Question 3 options:

It may reduce interest rates.

It decreases its own spending for goods and services.

It raises the reserve rate of banks.

It decreases the money supply.

It sells securities through the Federal Reserve Board.

Answers

Answer:

It may reduce interest rates.

Explanation:

To boost economic activity, the American government lower interst rates as a fiscal and expansionary policy.

1. If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain

2. Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of balance? (b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?

Answers

1. If the two totals of a trial balance are equal, it does not mean that the accounting records are free of errors.

2a) The error of commission cannot cause the trial balance to be out of balance.

2b) If the $2,650 entry had been journalized correctly but the credit to the Cash had been posted as $2,560, the trial balance would not balance because another account was debited with $2,650.

What are the errors that do not affect the trial balance?

The errors that do not affect the trial balance or cause it to be out of balance include:

Errors of principleErrors of original entryErrors of omissionErrors of commissionCompensating errors.

A trial balance will be out of balance if an error is made on one side of the ledger.

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Johnny Rockefeller had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks for $109.50. What is the percent of interest paid on this loan?

Answers

15% of interest paid on this loan. We are given that Johnny Rockefeller had a bad credit rating and went to a local cash center.

Loan amount of Johnny Rockefeller = $100

He paid the amount  in the  two weeks = $115

Amount of interest paid = $115-$100=$15

Let x% is  rate of interest.

So, the x% times 100 = 15

x = 15

So, 15% of interest paid on this loan.

What is the amount of hobby paid on a loan?

The hobby rate is the quantity a lender expenses a borrower and is a share of the principal—the quantity loaned. The activity rate on a mortgage is generally stated on an annual basis recognized as the annual share rate (APR).

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Discuss five strategies that the chosen business can use to become profitable​

Answers

Strategies that the chosen business can use to become profitable.

When businesses formulate a method, it facilitates their understanding of their strengths and weaknesses. This way, they are able to capitalize on what they may be appropriate for and enhance their weaker elements. It ensures that every issue of a business is deliberate. this means extra performance and higher and greater effective plans.

Make strategic making plans a top priority. preserve a near eye on your competitors. paintings to increase your purchaser base.stay near your customers.display profit margins.

When businesses formulate a strategy, it facilitates their understanding of their strengths and weaknesses. This way, they can capitalize on what they may be excellent at and enhance their weaker factors. It guarantees that each component of an enterprise is planned. this indicates more performance and better and greater powerful plans.

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What is E-Procurement? [2 Marks] 1b. What are the Benefits of E-Procurement? [8 Marks] 2. You have have been appointed as an ICT personnel in an organisation mit​

Answers

E-procurement is the exchange of goods and services between businesses, consumers, and the government over the Internet and other information and networking platforms including enterprise resource planning and electronic data interchange.

benefits of the electronic procurement procedure.

E-procurement helps you save money by avoiding duplicative purchases, taking advantage of volume discounts, and avoiding expenses related to paper-based systems (for example, the cost of stamps to mail your paperwork).Openness in spending By performing your procurement electronically, you can guarantee that your procurement methods follow your policies because it will be simpler to produce and analyze reports on your procurement systems.Greater Productivity E-procurement takes less time than conventional procurement once you've gotten the hang of the technology. Reusable tender submission is made simpler by having your records maintained online. Meanwhile, using templates allows for quicker completion of papers.

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Kassidy's Kabob House has preferred stock outstanding that pays a dividend of $5 at the end of each year. The preferred sells for $50 a share. What is the stock's required rate of return? Assume the market is in equilibrium with the required return equal to the expected return.

Answers

Cost of Preferred stock is 10% in this case.

Provided that the preferred stock would sell for $50 per share and that the corporation is required to pay a $5 dividend at the end of each year. As a result, Kassidy's Kabob House must incur a $5 annual cost in order to raise $50.

Because the preferred dividend would be adjusted after the tax cut, the tax rate has no effect on the cost. Cost of Preferred stock is equal to preferred dividend divided by price of preferred stock.

Cost of Preferred stock = 5/50

On solving the above we get, Cost of Preferred stock = 10%

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ASAP Please

Shelly purchased a $50,000 nonparticipating whole life insurance policy. The annual premium was $1,278. The cash value of the policy after 10 years will be $13,740. Assume a 5% interest rate. What is the traditional net cost of this policy, per thousand per year, over the first 10 years the policy is in force?

Answers

The traditional net cost per thousand per year is $- 1.92 is the traditional net cost of this policy, over the first 10 years the policy is in force of insurance policy.

What is the traditional net cost?

The shortfall in the business between premium payments as well as the total of dividend plus the cash equivalent of the insurance constitutes the traditional net cost.

Total premium over 10 years

= 10 x Annual premium

= 10 x 1,278 = $12,780

Cash value = $13,740

Net over 10 year

= 12,780 - 13,740

= -960

Net cost per year

= - 960 / 10

= -96

$50,000 non-participating cost whole life insurance policy

Hence, the traditional net cost per thousand per year

= - 96 / 50,000 x 1,000

= - 1.92

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Equity is the difference between an asset's [ Select ] and the [ Select ]
.

Answers

Equity is the difference between the value of an asset and the amount still owned.

Subtracting debt from the value of an asset yields equity.

Equity is equal to Value of asset - Total debt

Equity is the value that would be returned to a company's shareholders if all assets were liquidated and all debts were paid off. Equity can also be defined as the amount of residual ownership in a company or asset remaining after deducting all debts associated with that asset.

Equity ensures that everyone is treated fairly, has equal opportunities, and advances. In order to ensure that all groups can participate fully, equity aims to identify and remove any obstacles.

Furthermore, shareholder equity can represent the book value of a company. Equity can occasionally be offered as payment-in-kind. It also represents a company's pro-rata share ownership.

Equity, which can be found on a company's balance sheet, is one of the most common pieces of data used by analysts to assess its financial health.

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If discouraged workers are hired again, are they counted in the labor force?

Answers

Discouraged workers are defined as those who want a job but are not actively searching for one because they believe there are no jobs available for them. These workers are not counted as unemployed or as part of the labor force.

On December 31, the balance in the office supplies account is $1,300. A physical count shows $510 worth of supplies on hand
Required:
Prepare the adjusting entry tor supplies.: Refer to the Chart of Accounts for exact wording of account titles.

Answers

Date                    Account title                                               Debit          Credit

December 1        Office Supplies Expense                           $790

                           Office Supplies                                                             $790

Explanation:

Office supplies is an asset but when it is used it should be debited to the office supplies expense account because it becomes an expense that should be catered for in the Income statement.

The office expense that is used for the year is:

= Book balance - Physical inventory

= 1,300 - 510

= $790

A marketing information system.
A. is a collection of raw facts and figures collected from market
research
B. is software that creates tables, graphs, and charts that can be
used to market services and products
C. is a set of organized procedures and methods for gathering,
retrieving, and analyzing information needed to support marketing
decisions
D. is the result of organizing and summarizing facts and figures to
make them useful for marketing decision making

Answers

Marketing information system is software that creates tables, graphs, and charts that can be. An MIS, or marketing information system, is a system for collecting, storing, analyzing, and disseminating relevant marketing data to assist marketers in making better decisions.

A marketing information system's input focuses on gathering relevant internal and external data to analyze and interpret. Many retail companies, for example, give their customers loyalty cards, and many brands allow users to build profiles in their online store. Both loyalty cards and profiles assist firms in gathering information about their customers. Marketing intelligence system and research fulfil the marketer's desire for faster, more accurate decision making.

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Answer:

A. is a collection of raw facts and figures collected from market research

A local government is about to run a lottery but does not want to be involved in the payoff if a winner picks an annuity payoff. The government contracts with a trust to pay the lump-sum payout to the trust and have the trust (probably a local bank) pay the annual payments. The first winner of the lottery chooses the annuity and will receive $150,000 a year for the next 25 years. The local government will give the trust $2,000,000 to pay for this annuity. What investment rate must the trust earn to break even on this arrangement

Answers

If the first winner of the lottery chooses the annuity and will receive $150,000 a year for the next 25 years. The investment rate the trust must earn to break even on this arrangement is: 5.56%.

Investment rate earn to breakeven

Given data:

Initial deposit = $2,000,000

Annual payment = $150,000

Number of years = 25 years

Using this formula to find  the interest rate on the annuity by solving for I:

PV=PMT×1−(1+I)−^N/I

Where:

Present value (PV) = -2,000,000

Number of years (N) = 25

Periodic payment (PMT) =-150,000

Future value=0

Interest rate=I/Y = ?

Hence,

$2,000,000=$150,000×1−(1+I)−^25/I

Using a financial calculator to find interest rate(I/Y ) by inputting the below data

N = 25

I/Y = ?

PV = 2,000,000

PMT = -150,000

FV = 0

Hence,

CPT I/Y  = 5.56%

Therefore If the first winner of the lottery chooses the annuity and will receive $150,000 a year for the next 25 years. The investment rate the trust must earn to break even on this arrangement is: 5.56%.

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5. A firm that has been in business for less than one year must file advertisements with
how many days prior to use.
a. FINRA/30
b. SEC/30
c. SEC/10
d. FINRA/10

Answers

A company that has been in business for much less than twelve months ought to file advertisements with FINRA/10.

An advertisement is a paid promotional tool subsidized by means of a diagnosed sponsor to call public attention to an imparting or a logo. it's a paid promotional device: commercials are paid promotional messages communicated through some mass communication media.

An advertisement refers to a paid form of conversation that promotes a carrier, product, or emblem. marketers use commercials to help agencies reach their targets and increase revenue. It has the desired qualities of strong credibility, high audience attention stages, and friendly audience reception. It capabilities open-ended communique with questions and answers approximately the product, psychological incentives to purchase, memorability, efficiency, and frequency.

Advertising has an easy precept — getting humans interested in a product being offered. After arousing interest, the goal is to persuade human beings to buy the product, although they hadn't formerly idea about buying it. advertisements paintings by using psychology to persuade the way human beings think and feel about products or services.

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You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced persons. You have been notified by your office to be prepared to deploy to conduct shelter operations. Your supervisor has asked you to come to the office to begin organizing volunteers and get prepared to set up shelters, if tasked. You check in before you begin.

What NIMS Management Characteristic are you supporting?

Answers

Answer:

Chain of command and unity of command Accountability.

I plan to put $500 per quarter into an account with 6% interest. how much interest will I earn in the first quarter

Answers

I'll make $7.5 interest throughout the first three months.

Describe interest.

In the fields of finance and economics, interest is the payment of a sum over and above the principal amount to a lender or depositor by a borrower or deposit-taking financial institution at a set rate. It is not the same as a fee that the borrower might pay to the lender or another entity.

In the first quarter, I will receive the following interest:

Principal = $500

Interest = 6% = 0.06

Time = 3 months

Interest = P X R X T

Interest = 500 X 0.06 X 3/12

=$7.5

How can you figure out interest?

By dividing the account balance by the interest rate and the length of time the money has been in the account, you can get the simple interest earned on a savings account. Interest equals P x R x N is the fundamental interest formula.

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Case Study – Activity 1
The case of an Abusive Supervisor?
This challenge involves the behavior of Kofi Amponsah, the supervisor of a Municipal Tax Collection Office in the Greater Accra Region. He has worked through the ranks for more than 20 years to get to his current position. Efua Mensah also worked in the same Municipality for more than 20 years but got transferred to the Tax Collection division recently as an Administrative Assistant. Efua filed a lawsuit claiming that her boss (Kofi) and the office allowed a hostile work environment to exist. She had worked at the office for about three years at the time of the suit. The hostility allegedly began on Efua’s first day at work in that office. Upon arriving, Kofi showed her the “Wall of Shame,” Placed conspicuously in the main office, it contained a funeral urn with the “ashes of problem employees.” Efua noted that it resembled “the way Adolf Hitler treated the disabled and the Jews during the Holocaust,” with “various nameplates of the employees who were ‘exterminated’” or fired by Kofi. The lawsuit alleges that Kofi stated “that all personnel of his office should be ‘perfect humans,’ as he believed he was.” Media reports about the situation allege that “Kofi threw papers at Efua and called her a ‘waste of a human being,’ and referred to her as a ‘mess up’ who should just ‘quit her job.’” Efua ultimately experienced stress and anxiety and took sick leave for medical and psychiatric treatment. When she returned to work, Efua alleges that Kofi relocated her desk so that she had to look at the Wall of Shame, which now contained her name along with the others.
Adapted from Kinicki & Fugate (2018)

Answers

Yes, it is a case of an abusive Supervisor. Kofi confirmed her the “Wall of Shame,” Placed conspicuously in the major office, it contained a funeral urn with the “ashes of trouble employees.”

What is abusive supervision?

Abusive supervision refers to “subordinates' perceptions of the extent to which supervisors engage in the sustained show of hostile verbal and nonverbal behaviors, apart from physical contact”

Abusive bosses regularly fighting with accepting non-public accountability or recognizing their personal mistakes. As a result, they tend to get defensive when confronted. They can also even shift the blame onto other people.

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In every type of economic system there are exchanges between consumers and producers
True or false ?

Answers

Answer: true

Explanation: it makes up the economic system

The United States restricts imports but, at the same time, supports the WTO and international banks whose objective is to enhance world trade. As a member of Congress, how would you justify this contradiction to your constituents?

Answers

In my capacity as a member, I would like to make the case for the World Trade Organization (WTO) and other international banks to make use of the many export promotion and assistance programs that the United States offers in order to acquire trade finance and maximize asset utilization for the purpose of achieving financial stability.

This is further explained below.

What is World Trade Organization?

Generally, The World Commerce Organization (WTO) is a multilateral organization that was established with the purpose of regulating as well as facilitating international trade.

In conclusion, When it comes to establishing, revising, and enforcing the laws that regulate international commerce, governments turn to this institution for assistance.

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In cell B21, insert a function to calculate the median attendance for the year 2022

Answers

The total number of days of students' attendance is divided by the total number of days in the regular school year.

An attendance rate of 95% is generally considered good; this allows for children to miss 9.5 days across the school year. Persistent absence (PA) is defined as an attendance rate of 90% or below.

Divide the SUM TOTAL of Days in attendance by the SUM TOTAL of Days of membership for the school or district. 5. Multiply the statistic x 100 and round the number to the nearest tenth. This is your school or district's overall attendance rate.

Click on cell B21 and enter the below function and select an appropriate criterion.

To find the median in a range of cells, use the MEDIAN function.

Syntax for finding min is: MEDIAN(number1, [number2]

=MEDIAN(from cell to cell).

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Hello,
I need help on how to put this formula into excel.

Create lookup functions to complete the summary section. In cell J20, create a formula using the VLOOKUP function to display the measured precipitation for the selected reservoir. Lookup the reservoir number (cell J19) in the range B10:J15, and return the value in the 2nd column number. Use absolute references for cell J19 and the range B10:J15.

Answers

The lookup functions you required for cell J20 are (=Vlookup,J19,B10:J15,9,1)

How can I enter this formula into the worksheet?

When writing the formula, press tab to choose vlookup, then choose the value you want to look up and add a comma. Then, choose the range of data you want to look up and add a comma. Finally, write the number of the column you want the data from and add a comma. Finally, there will be a choice of approximate or exact; choose 1 or 2 accordingly, then press enter.

What is the function VLOOKUP?

In Excel, there is a built-in function called VLOOKUP that enables searching across several columns. It has the following components and is typed: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup]) Note: The column that contains the lookup's data must always be on the left.

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Renee Farm grows fruits and vegetables by using nutrient-enriched soil and chemically enhanced fertilizers. Its products are extremely popular among health-conscious individuals who believe that natural fruits and vegetables do not have an adequate amount of nutrients. Renee Farm's products are popular even though its market is very niche. In the context of industry-level strategy, Renee Farm is most likely using a(n)

Answers

Renee Farm is most likely using a focus strategy. As Renee Farm's products are popular even though its market is very niche.

What is focus strategy?

People can direct your marketing efforts toward a certain market or demographic by using a focus approach. Focus strategy is the process of developing, marketing, and selling products or services to a target market that may consist of a certain customer demographic, a specific product line, or a specific geographical area.

Pepsi provides a variety of products. Pepsi Black was created as a part of their concentrate strategy on clientele searching out healthier beverages.

Thus, it is a focus strategy.

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Drill Problem 8-9 (Static) [LU 8-2 (3)]
What is the selling price of a complete set of pots and pans at Walmart? Assume actual cost is $66.50 and 40% markup on
selling price. (Round your answer to the nearest cent.)

Answers

The selling price of a complete set of pots and pans at Walmart $ 110.8.

The selling price according to unit method to find the price per unit from the profits announcement, divide sales with the aid of the number of units or amount offered to perceive the charge in keeping with unit

It has to allow a commercial enterprise to pay all of the costs of the product, pay operating charges, and gain earnings. clients depend upon selling prices to evaluate merchandise and to decide how to allocate their money. businesses depend upon selling rates to determine earnings from income and to acquire organizational goals.

We have a selling price = cost + Dollar markup

Here, 40% of the markup

So, let the selling price is X

Then,

    S = 66.5 + 0.45

∴ S = 66.5 / 1.04

     = $ 110.8

So, the selling price of a complete set is $ 110.83.

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Question 2 (0.2 points) Saved
According to the Organizational Culture Profile (OCP) vast majority of corporations
fall into just seven cultural categories. Which of the options below fall within the 7
categories?
1) Unstable, Innovative, Team-Oriented, People-Oriented
2) Team-Oriented, Innovative, Unstable, Outcome-Oriented
3) Outcome-oriented, People-oriented, Team Oriented, Unstable
4) People-Oriented, Stable, Team Oriented, Aggressive
Next Page
Page 1 of 10

Answers

According to the Organizational Culture Profile (OCP), the option that falls within the seven categories is 4) People-Oriented, Stable, Team-Oriented, and Aggressive.

What is the Organizational Culture Profile (OCP)?

The Organizational Culture Profile (OCP) is a framework that provides insight into the different types of organizational culture.

The Organizational Culture Profile (OCP) shows organizational cultures represented by seven distinct values. The seven cultural values include innovation, aggression, outcome orientation, stable or rule orientation, people orientation, team orientation, and detail orientation.

In an innovative culture, the organization toils with new ideas always and has a flat structure without titles.

An aggressive culture organization is competitive, while outcome-oriented cultures emphasize achievements and rewards, with managers and employees accountable for success or failure.

Stable cultures are bureaucratic and operate with predictable rules. In people-oriented cultures, the organization cherishes fairness, supportiveness, and respect for individual rights.

Team-oriented cultures are collaborative, emphasizing cooperation for productivity.  Lastly, in a detail-oriented culture, precision and details rule the day.

Thus, according to the Organizational Culture Profile (OCP), the option that falls within the seven categories is Option 4.

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Sam Smith is currently employed as a mechanical engineer and is paid $65,000
per year plus benefits thatare equal to 30% of his salary. Sam wants to begin a
consulting firm and decides to leave his current job. After his first year in
business, Sam's accountant informed him that he had made $45,000 with his
consulting business. Sam also notices that he paid $6,000 for a health
insurance policy, which was his total benefit during his first year. What was
Sam's opportunity cost?
What was Sam's opportunity cost?

Answers

Sam gave up $65,000 in salary plus $19,500 in benefits or a total of $84,500.

The concept in the back of opportunity value is that the fee of 1 object is the misplaced possibility to do or eat something else; in quick, opportunity cost is the price of the following fine alternative.  benefits foregone by using no longer choosing an alternative direction of motion.

Opportunity cost is the cost of the following satisfactory element you surrender whenever you decide. it's miles the lack of capacity gained from other options when one opportunity is chosen. The concept of an opportunity price became first started by John Stuart Mill. possibility price is the difference in the advantage of a preference you are forgoing compared to the advantage of the choice you're making. you may recognize opportunity fee as an estimation of the way much regret you'll sense for making one desire over every other.

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