An opportunity cost is the benefit given up or sacrificed when one alternative is chosen over another
Indicate whether the statement is true or false
True
You might also like to view...
The ________ is the ratio of the standard deviation to the mean, expressed as a percentage, and it is a unitless measure of relative variability
A) standard deviation B) coefficient of variation C) variance D) interquartile range
Which of the following individuals or couples qualify for the child- and dependent-care credit? I.Lois is single and earns $45,000 for the year. She pays $2,600 in child-care costs for her 8-year-old daughter.II.Patrick and Carol are married and together they earn $67,000 ($42,000 and $25,000, respectively). They pay $5,000 in child-care costs for their twin boys, age 11.?
A. Only statement I is correct. B. Only statement II is correct. C. Both statements are correct. D. Neither statement is correct.
The difference between the market value and book value of a firm is its social capital.
Answer the following statement true (T) or false (F)
In the early 1920s, Ford promised its customers any color vehicle they wanted as long as it was black. Ford's management assumed anyone buying a car would accept the color black, so it made products affordable by offering only one variety in large quantities. Ford is an example of a market-oriented firm.
Answer the following statement true (T) or false (F)