What are opportunity costs in general? What are the opportunity costs for entrepreneurs?
What will be an ideal response?
Opportunity costs capture the value of the best forgone alternative use of the resources employed. Entrepreneurs face two types of opportunity costs: (1) forgone wages they could be earning if they were employed elsewhere and (2) the cost of capital they invested in their businesses, which could instead be invested in, say, the stock market or U.S. Treasury bonds.
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The percentage of SKUs received complete on a particular order from a vendor is called the
A. fill rate. B. delivery rate. C. service level. D. product availability. E. order rate.
Which of the following is a type of visual aid that conveys both data and concepts?
A) Maps B) Geographic information systems C) Photographs D) Infographics E) Diagrams
Barbara is driven most by the need for close personal relationships. She is likely high in which of the following needs?
A. Need for affiliation B. Need for power C. Need for achievement D. Self-actualization
Treasury stock or treasury shares are shares a firm has previously issued and later reacquired. Which of the following is/are true?
a. Some firms believe that their own shares provide a good investment. b. Evidence supports the notion that share prices often increase after a firm announces a share repurchase program. c. Share repurchases reduce common shareholders' equity and increase the proportion of debt in the capital structure, making the firm more risky and therefore less attractive to an unfriendly bidder. d. Some firms even borrow cash to repurchase shares, which affects the debt ratios even more than using already available cash to reacquire shares. e. all of the above