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yan [13]
2 years ago
14

What is the opportunity cost in this scenario? Mikael has saved $4,000 for his trip to Brazil. He has calculated that his total

transportation expenses will be $1,000. The hotel will cost him another $1,500. He will spend about $500 on food. He plans on spending the remaining $1,000 for sight seeing and buying souvenirs. While booking his plane ticket, he realizes that the price has gone up. His total transportation expenses will go up by $200. He realizes that he cannot cancel his hotel reservation. He also doesn't want to go cheap on food. Finally, he decides to give up visiting popular Ouro Preto during his stay in brazil. A) Transportation B)Hotel C)Food D)Sightseeing
Business
2 answers:
Oliga [24]2 years ago
7 0
He gave up visiting the popular Ouro Preto so the Oppurtunity Cost is D) Sightseeing

Murljashka [212]2 years ago
3 0

Answer:

I think it is Sightseeing

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Jack emphasizes to his people that the work must be done, regardless of circumstances, and encourages his employees to meet thei
svet-max [94.6K]

Answer:

Fiedler's contingency model would classify Jack as task structure oriented.

Explanation:

According to Fiedler's contingency model

Task Structure refers to the extent to which group tasks are clear and structured.

It can structured and unstructured

When task structure is unstructured or low, group tasks are vague. There is no clear solution or correct approach to complete the goal.

In contrast, when task structure is structured or high, the objective is clear. Employees have a clear idea about the how to approach and reach the company's goal

Jack' approach that emphasizes to his people that the work must be done, regardless of circumstances, and encourages his employees to meet their sales quotas is categorized under task structure.

4 0
2 years ago
How does Wanda's strategy of being a high-quality provider take advantage of the shifts in consumer demand for healthy dog treat
Katen [24]

Answer:

In the description section underneath the overview per the particular context is illustrated.

Explanation:

  • Wanda's philosophy about becoming a distributer of enhance performance resulted in increased market demand due to consumer perception that her goods are stronger and therefore more advantageous.
  • This contributes to consumption growth, moving the consumer surplus towards Wanda's goods to the right, contributing towards increased costs.
  • One more scenario maybe though in the immediate future, her Wanda commodities demonstrate no positive effects, resulting throughout a decline in terms of trade.

Throughout this situation, Wanda might answer by genuinely changing the productivity of the latter's goods including displaying a certain clinical significance to obtain a competitive advantage for customers.

7 0
2 years ago
Fisher meeting with Bill Gates, CEO - Microsoft, to form alliances to develop new photo software that helped customers manipulat
Shalnov [3]

Answer: External horizontal diversification

Explanation:

External horizontal diversification is when new products or services are added to a company because they may appeal to the customers. This is a strategy that is used to increase the dependence of firm on certain segments of the market.

This was used when Fisher met with Bill Gates, CEO - Microsoft, to form alliances to develop new photo software that helped customers manipulate images.

5 0
2 years ago
Henderson Co. has fixed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the mar
Studentka2010 [4]

Answer:

25%

Explanation:

the margin of safety is the percent of sales which the company is above the break even point.

We solve for the break even point:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{36,000}{0.24} = Break\: Even\: Point_{dollars}

BEP  = 150,000

We solve for the margin of safety:

$ 200,000 - $ 150,000 = $ 50,000

Now we compare against our sales:

$ 50,000 / $ 200,000 = 0.25

5 0
2 years ago
A quality improvement project was initiated in an industry that has seasonal demand for their product, coolers/ice chests, which
Vika [28.1K]

Answer:

The correct answer is letter "A": Histogram.

Explanation:

A Histogram is a graphic representation of grouped data in intervals. The data comes from quantitative variables. A histogram allows generating an idea of the distribution of the data or samples. Qualitative data can also be used but the amount of data must be large. This type of graph plots rectangular vertical bars together with proportional height to the intervals they represent.

Thus,<em> the project in the example can use a histogram to portrait its level of sales through the different seasons.</em>

7 0
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