Which of the following would be an example of an implicit cost?
(i)
forgone investment opport...
Business, 11.11.2020 07:20 TropicalFan
Which of the following would be an example of an implicit cost?
(i)
forgone investment opportunities
(ii)
wages of workers
(iii)
raw materials costs
Group of answer choices
Answers: 3
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Answers: 1
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The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.
Answers: 3
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