Opportunity cost

There is a lot of confusion amongst people new to the Internet as to exactly what AdWords are. This confusion is often compounded by the presence of another term in the online advertising world called AdSense. In addition to stating exactly what AdWords are, explaining the difference between AdWords and AdSense is probably the easiest way to clear up this confusion. What Are AdWords • AdWords are advertising campaigns that are set up through Google to drive highly targeted traffic to a blog or…

supply chain inventory? What strategies can firms and supply chain use to mitigate this impact? As we understand that the 4 factors that a supply chain should offer are the efficiency, decrease in cost, availability, and responsiveness. The inventory represents the second largest component of logistics cost, that requires some serious attention and there is no room for any mistakes. The risk of holding inventory increase as they move every step closer to the customer. If there will be rising…

or to improve a specific skill for it. However, after reading the first two chapters of Outliers by Malcolm Gladwell, I noticed that it could not be worked on your entire life. It’s only a mere coincidence of opportunities and success based on events they have partaken in. Once the opportunity comes up, they are quickly taken and are used to be led into success. Famous celebrities such as sportsmen, actors or political figure can say it was because they have worked hard for it, but it is often…

believe deep inside your core that you don 't deserve good things, that somehow you are bad or less than other people, then your self-esteem is not as healthy as it could be. If your self-esteem is not healthy, then you will often not see the opportunities presented to you. You will discount flashes of insight, great ideas and suggestions as "pie in the sky - I could never do that". You will procrastinate, delay and self- sabotage. You will wait for others to take action and then blame them if…

Sunk costs exist at all levels of any business and should be excluded from the decision-making process. If the company is considering adding a deluxe Teen Burger priced one dollar higher and costing twenty-five cents more to produce, the cost of the building, and cooking equipment have already been incurred and do not need to be considered. This is of particular importance when a new restaurant, menu item, or other project has not performed as expected. At times, there can be an emotional…

Economics of the Public Sector Semester 2, 2015 Student: u3102883 Week 10 Tutorial 6  Consider two projects, A and B, with capital costs of $100 million and $20 million respectively. Given an opportunity cost of capital of 7 per cent, A provides an NPV of $30 million. B provides an NPV of $10 million. Explain why A is better than B, although it costs five times as much and produces only three times the net benefit. Net present value method calculates the amount invested today compared…

Costs borne by a firm can fall into two categories: explicit and implicit. According to “Principles of Economics”, explicit costs are monies that are paid out in order to run the business and may include such things as wages or rent; while implicit costs “represent the opportunity cost of using resources already owned by the firm.” (OpenStax, 2014, p. 159). My husband and I operate a small business which is a martial arts school. At this company we have explicit costs, our largest explicit costs…

this is because it’s a nationally loved sport, developed in Canada or because it simply provides a way of embracing relief from winter, this game with pucks and sticks has changed drastically from its simple origins, now severely restricting the opportunity to take part in it at an organized level. As always, children and adults alike will play pick-up hockey on ponds and frozen rivers,…

Chapter 11: Application Portfolio Management 1. The CIO is concerned about the ever increasing cost of maintaining the inventory of IT applications in the organization. He has asked you to meet to discuss why this proliferation of applications is occurring? One of the main causes of the ever-growing costs of upholding different technologies, is simply that they are not being disposed when they are stop being relevant. A number of these applications provide obsolete functionality or are…

the following is considered to be a cost of information? Answer Selected Answer: The time spent to collect the information. Correct Answer: The time spent to collect the information. • Question 2 2 out of 2 points Assume that a cargo ship carrying the merchandise of a cloth merchant has been wrecked. Such a setback will be accounted as the merchant’s: Answer Selected Answer: sunk cost. Correct Answer: sunk cost. • Question 3 0 out of…