Opportunity cost is:

the value of the best alternative that you give up.

the most desired goods and services that are foregone in order to obtain something else.

what you sacrifice in order to do something.

All of the above are true.

How have the general ideologies of each major party change over time?

How does the forward market differ from the spot market? Unlike the spot market, the forward market is an organizational setting that allows individuals, firms, and banks to trade foreign currencies.

An advantage of mass production is its ability to adapt quickly to changes in demand.

Specialization: 1. leads to greater self-sufficiency. 2. can lead to an increase in overall production. 3. allows workers to develop skills by working on a large number of tasks 4. is always the result of an inefficient use of resources 5.

A company set up a petty cash fund with $800. The disbursements are as follows: Office supplies $300 Shipping $50 Postage $30 Delivery expense $350 To create the fund, which account should be credited? A. Postage B. Cash at bank C. Supplies D.

Name and describe the four basic types of fees and cost a franchise owner must pay

What is the difference between capital gain and capital loss?

g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.

What are the order of in which management can take legal action against a employee

What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.