What are the characteristics of opportunity costs? Please explain them using examples
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- What are the characteristics of opportunity costs? Please explain them using examples you can find from the textbook.(Accounting for Decision Making and Control 10th Edition)
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- Suppose you are a manager in some leading firm / organization. The owner of the firm wants you to uplift the profit of the firm by introducing some new commodity in the market. Explain all decision making process relating to successfully introducing your commodity in the market.Discuss briefly the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? (Decision Making subject)In an analyzation of the auto industry in the US using Porter's Five Forces (including the level of competition within the industry) riding a bicycle, taking public transportation and walking are examples of items that appear in which ONE of the five forces? Select one: a. Threat of Substitutes b. Bargaining Power of the Buyer c. Bargaining Power of the Supplier d. Threat of New Entrants
- 1- What three guidelines help management accountants provide the most value to managers? 2- Where does the management accounting function fit into an organization’s structure? 3- When is a revenue or cost item relevant for a particular decision? 4- What is an opportunity cost and why should it be included when making decisions? 5- How can conflicts arise between the decision model used by a manager and the performance evaluation model used to evaluate that manager?Which of these is a guideline for making a decision? Guaranteed gain. O Opportunity cost is less than marginal cost. O Marginal utility is greater than marginal cost. O Marginal cost is less than marginal price.When is it acceptable to use estimated monetary value as a decision criterion? When isn't it acceptable to use it?
- How does the presence of uncertainty affect the usefulness of the model?Discuss in about 200 words the Hierarchy of the information- based business decision makers. Which level has the best chance of success and whyHow can I Analyze risks associated with capital projects. and How can I Describe the decision-making factors in lease versus buy? In Healthcare