The economic term is the opportunity cost.
The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.
In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.
All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.
Answer:
sociology quiz In order to better understand the sorority pledging process at her university for her sociology thesis, Carmen pledges with a popular sorority. This is an example of <u>participant observation</u>.ermine whether their subjects are in the upper class or the upper-middle class
Explanation:
Participant observation is the observation and participation in a group's activities-in its natural setting. It is also known as ethnography, field studies, and/or the vestehen approach.
It is based on grounded theory approach, an approach that develops a theory as data is collected as opposed to being predetermined.
A few examples of those who use participant observation includes : researchers, journalists, and law enforcement.
As in the given scenario, this is an example of <u>participant observation</u>
I believe the answer is: <span>High in consequence and high in probability.
An outcome is considered as high in consequence is it posses high level of danger for the actor (such as death, financial bankruptcy,fatal injuries) , and an outcome is considered as high in probability if the chance of its occurring is significantly high.</span>
Answer:
The agricultural region.
Explanation:
The agricultural region of Georgia was the most affected by this headlines because there is a lot of agricultural land which depends on the rainfall for the fulfillment of the water requirement of the crop. There is no rainfall occurs in the summer which causes abnormal dryness condition due to which the agriculture industry is greatly affected because there is no water present for the crop.
<u>Answer:
</u>
Most entrepreneurs believe that profit is what matters most, but cash is the most important financial resource for a small business owner.
<u>Explanation:
</u>
- The major reason the entrepreneurs believe that profit matters the most because that is the sole factor in most cases that the run their businesses for.
- Most entrepreneurs fail to realize that as long as there is liquidity in the business, the business will thrive. This liquidity in the business comes from the flow of cash.
