_____ are best described as the value of the best forgone alternative use of the resources employed.
A. Variable costs
B. Opportunity costs
C. Social costs
D. Switching costs
B. Opportunity costs
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A partnership is a business owned by two individuals; if three or more individuals organize a business, it must be established as a corporation
a. True b. False Indicate whether the statement is true or false
Which of the following is a disadvantage of larger groups?
A. Less creativity and innovation B. Less commitment C. More division of labor D. Fewer resources E. Fewer cliques
Which of the following is/are true regarding stock rights?
a. U.S. GAAP does not require recognition of the rights on the date of the grant. b. Firms often issue stock rights to raise new capital from current shareholders. c. Shareholders may exercise the stock rights or sell them to others. d. IFRS does not require recognition of the rights on the date of the grant. e. all of the above
Which of the following is true about whiteboards as visual aids?
A. They don’t allow the audience to actively engage with the speaker. B. Spontaneous diagrams and flowcharts confuse a speaker’s explanations. C. They are useless when brainstorming. D. They can be useful when there is no time to prepare any other visual aids.