A sunk cost is money that has already been spent and cannot be recovered. In business, the axiom that one has to "spend money to make money" is reflected in the phenomenon of the sunk cost.
What is Sunk Cost?Sunk Costs are those costs that cannot be recovered by any means, i.e., money, once invested, is gone forever.
They should not be considered for making any future decisions like whether to continue the investment or not, as these costs cannot be recovered, and decisions should only be made based on relevant costs.
Sunk costs are considered fixed costs, but remember that all fixed costs are not considered sunk costs.
One simplest example of sunk cost is employees working on a probation period. You have paid a joining bonus to the probationer, but the results aren’t satisfactory, so you terminate the probation contract and fire the probationer from their job. The joining bonus is considered a sunk cost, as you won’t be seeing it again.
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Money that has been spent and cannot be recovered is known as sunk costs.
What is sunk costs?Sunk costs are sometimes called a retrospective cost, referring to an investment already incurred that can’t be recovered. Examples of sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, or facilities expenses. By comparison, opportunity costs are lost returns from resources that were invested elsewhere.
Economists suggest that, in theory, sunk costs are not relevant to future decision-making. In practice, however, sunk costs can and do significantly influence decisions about the future. This is largely because it’s psychologically challenging to let go of previously invested time, effort, or financial resources even if the outcome of those investments fails to meet expectations. A sunk cost refers to money that has already been spent and cannot be recovered.
A manufacturing firm, for example, may have a number of sunk costs, such as the cost of machinery, equipment, and the lease expense on the factory.
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Phil works at a wholesaler that specializes in organic, grass-fed beef. Resellers wanting to purchase from Phil's organization have few options to choose from because its beef products tend not to vary. Phil most likely works for a __________________. a. rack jobber b. specialty-line wholesaler c. general-merchandise wholesaler d. limited-service wholesaler e. limited-line wholesaler
Answer:
b. specialty-line wholesaler
Explanation:
Specialty line wholesalers are the wholesalers that keep specialized products and deal in them. They do not keep diverse products. The limited products are sold and bought in wholesale. The range of products are very narrow. For instance, when a wholesaler deals with products specialized in dairy products, it stands as an example of being a specialty-line wholesaler.
In the given situation, Phil works in a wholesaler that deals with the specialized product off organic, grass-fed beef. Therefore the wholesaler stands to be a specialty-line wholesaler.
Which of the following best helps a company move toward achieving its
vision and mission?
A. Goals and objectives
B. Competitors and stakeholders
C. Activist investors
D. Corporate social responsibility
A. Goals and objectives
a mission is what your goal is, what you are looking forward to and hope to achieve
an uber ride is considered a ________ because of its intangible nature.
Answer: Service
Explanation: It is intangible and it is offered to you and performed by someone elese
Susan is working the night shift and there aren't many people in the store. Her
coworker notices that the cash register has more money than accounted for.
She decides to take the extra money without reporting it. How should Susan
handle this situation ethically?
A. Pretend like she didn't see the money being taken
B. Inform the manager that money was taken from the cash register
C. Tell another coworker what happened and ask him not to tell
D. Ask the coworker to split the extra money with her
Answer: B. Inform the manager that money was taken from the cash register
Explanation:
Ethics simply has to do with knowing what's good and what's bad. Since Susan noticed that her co-worker took the extra money without reporting, the ethical thing to do is to report to the manager.
Pretending not to see what happened, splitting the money with her or telling another co-worker about it but telling the co-worker not to tell anyone are all wrong and not ideal. The co-worker who stole should be reported to the manager.
4. Use the Internet to find an online job posting. Try searching a site like careerbuilder.com or monster.com. Then complete the items below. a. List the link to the posting. (1.0 point) b. List at least two requirements of the job. Complete sentences are not necessary. (2.0 points) c. List at least three tasks that are a part of the job. Complete sentences are not necessary. (3.0 points) d. Write 1-2 sentences explaining why or why not this job would be a good fit for you (2.0 points)
Answer and Explanation:
Hello. Brainly does not allow links to be placed in responses, which makes it impossible for me to answer your first question. However, you can find this job vacancy in the careerbuilder when searching for Internet / BDC Director.
Two requirements that this job vacancy requires of possible candidates are: Knowledge of management of social networks and experiences with online sales.
The individual who is interested in this job vacancy, if hired, will have to carry out online and face-to-face sales, perform administrative functions and perform customer service whenever necessary.
This job is not a good option for me, because I have no experience in sales, but this is a very promising job vacancy, with a fair salary and benefits, I believe that if I had the requirements, I would do very well in this type of job.
Answer:
1. https://www.careerbuilder.com/job/J337WK6Y75401Z09WZ9
2. · Ideal to have 1 year experience as a pharmacy technician coordinating activities in an administrative support function.
· Must have valid Pharmacy Technician License
3. Working with patients to explain and educate on medical questions
· Tracking and logging vaccination details into EMR (electronic medical records system)
· Assisting Pharmacist as needed
4. This job would be a good fit for me, because I am compassionate, patient, and pay attention to detail. My mathematical skills are excellent, and like working with a team of health care professionals.
Explanation:
Can I please please get help this is do in 10 mins please please help!!!!!!!!
You have three electricians. Electrician #1 works 20 hours and installs 30 lights. Electrician #2 works 30 hours and installs 35 lights. Electrician #3 works 40 hours and installs 40 lights. Which electrician is the most efficient in installing lights?
Answer:
electricians 1
Explanation:
This covers both the installation of new electrical systems and the modification of existing ones. These include installing new lighting fixtures, so a licensed contractor is required.
What is the role of electricians in installing lights?To ensure that the light fixture will stay in place, they must make sure that it is securely fastened to the wall or ceiling.
In order for the light fixture to have the electricity it needs to function, they will also need to connect the electrical wiring to it.
Unless you have prior electrical experience, you should always hire a licensed electrician for any electrical installation, including installing a light fixture.
Therefore, Electrician #1 works 20 hours and installs 30 lights. Electrician is the most efficient in installing lights.
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When comparison shopping, all of these hint at a good deal EXCEPT _____________________.
Answer: the sale price is the cheapest available.
Answer is …. there are more positive customer reviews than negative reviews.
Explanation:
what is enterprenuship
Answer:
Entrepreneurship is the creation or extraction of value.
Explanation:
generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
Answer:
the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
Hi i needa gf im 16 im a kind loving caring person anyone 13 through 17
Answer:
Hello, my names Harley and im 15. and im a red head with green eyes.
Explanation:
And im single lol...
A newspaper headline writer found that the more adjectives she put in the titles of her articles, the greater the number of newspapers that were sold that day. This relationship between numbers of adjectives and newspaper sales must be:
Answer:
Positive.
Explanation:
A linear function has a positive relationship and as such an increase in one variable (input variable) causes an increase in the other variable (output variable) i.e the variables are directly proportional. Thus, the graph of a linear function is a straight-line and its slope is always constant.
On the other hand, nonlinear function has a negative relationship and as such an increase in one variable (input variable) causes a decrease in the other variable (output variable) i.e the variables are inversely proportional.
This ultimately implies that, the graph of a nonlinear function is a curved line and whose direction is constantly changing
In this scenario, the relationship between numbers of adjectives and newspaper sales must be positive because the higher the amount of adjectives put in the titles of her articles, the greater the number of newspapers that would be sold on a particular day.
Which government agency would be responsible for testing for leaded paint
in imported toys from China?
A. Consumer Product Safety Commission
B. Environmental Protection Agency
C. Food and Drug Administration
O
D. Federal Trade Commission
Answer:
A. Consumer Product Safety Commission
Explanation:
When the high lead levels were detected during a routine inspection, the Consumer Product Safety Commission (CPSC) issued a recall, the first for a lead-contaminated toy in 2007.
Consumer Product Safety Commission, government agency would be responsible for testing for leaded paint in imported toys from China. Thus, option (a) is correct.
What is a government agency?A permanent or semi-permanent organization inside the federal or state government is referred to as a government agency. Federal agencies are specialized government institutions created for a particular function, such as resource management, financial regulation of specific sectors, or matters of national security.
On October 24, 1972, the Consumer Product Safety Commission was founded. The Consumer Product Safety Commission (CPSC) issued a recall after the excessive lead levels were found during a routine inspection, the first for a lead-contaminated toy in 2007. The CPSC works to reduce "unreasonable risks" of harm in order to advance the safety of consumer products.
As a result, the conclusion of the Consumer Product Safety Commission is a government agency. Therefore, option (a) is correct.
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The desire to earn a profit is called
A) making smart decisions
B) profit motive
C) business
D) entrepreneurship
Answer:
profit motive
Explanation:
on gawd
What is considered a drawback of a larger school? BRAINLIEST to the right answer
You may get too involved to do your course work well.
Classes may be very large, which can make it difficult to interact with faculty.
It is more expensive than a small school.
It has too many concentrations to choose from
Answer:
"Classes may be very large, which can make it difficult to interact with faculty."
Explanation:
This question really depends on the school itself and the students, but from a business point of view, the fact that your teachers and administration are very hard to reach makes it so you have to fend for yourself in most cases, and in other cases, students are basically free from any punishment or work because of overcrowding.
Answer:
Classes may be very large, which can make it difficult to interact with faculty.
Explanation:
Saw this some after I took the quiz, I figured this answer just from common knowledge.
True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False
Warby Parker, an online retailer for prescription eyewear, offers a free, try-on at home program for its customers. Customers browse frames on Warby Parker's website and select five pairs they would like to try on. They can then choose to purchase or return the frames. Warby Parker handles all the shipping costs and provides all the return packaging. This relates to the ________ of its products.
Answer:
trialability
Explanation:
Since in the given situation it is mentioned that an online retailer offers for free try for his customers and the customers select five pairs theywant to try. Also they could select either for purchase or return
So here it related to the trail of its products where the customer could see whether the company product provide the satisfaction or not and according to this they take the decision whether to purchase the product or not
Hence, the last option is correct
For the last several months, an employee stays late to finish up work. When
he does this, everyone else has gone home, so he is mostly on his own. This
is a possible sign that he is
Answer: Embezzling
Explanation:
The nature of a company and its goals and products are defined by
O A. its vision, mission, and values statements
B. its annual report to stockholders
C. its brand image
D. its strategic and historical plan
Answer:
The Awnser is A
Explanation:
A companies goals and products are defined by its vision, mission, and values statements. Goals are achieved by having a organized plan (vision).
The House manufacturers two different skateboard models. The company produces products using standardized production runs. The company does very little product customization. The House uses what type of technology structure? Question 10 options: Service production Mass production Large-batch production Small-batch production Continuous process production
Answer: Mass production
Explanation:
Since the products produced by the company uses standardized production runs and very little product customization, the type of technology structure used is mass production.
Mass production refers to production of of large quantities of products which are standardized usually by using automation technology or assembly lines. Mass production brings about the efficient production of a huge amount of similar products.
Sally owns a $1,000-par zero-coupon bond that has six years of remaining a. What is the expected price of the bond at the time of sale?
Answer:
$647.96
Explanation:
Sue the following formula to calculate the price of the bond at the time of sale
Price of Bond = Face value of the bond / ( 1 + Market interest rate )^numbers of years
Where
Face value of bond = $1,000
Market interest rate = 7.5%
Numbers of years = 6 years
placing values in the formula
Price of Bond = $1,000 / ( 1 + 7.5% )^6
Price of Bond = $647.96
Which customers are typical for the Agriculture, Food, and Natural Resources career cluster? SELECT FOUR OPTIONS!!!!
A) a power company needing solar panels
B) a local fresh market
C) a business working with trained animals
D) a person buying large quanities of wheat
E) a person learning about geography
F) a family on a camping trip
PLEASE HELP ITS WORTH 50 POINTS!!!!!
Answer:bcde
Explanation: kids cant work so not f and solar panels have nothing to do with the farmers so not a
The customers that are typical for the Agriculture, Food, and Natural Resources career cluster are a local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip. Thus option (B), (C), (D) and (F) are correct.
Who are customers?Customers are individuals or organizations who purchase goods or services from a seller or provider. They are the people or entities who pay for and use the products or services that a business offers.
The relationship between a business and its customers is a crucial aspect of its success, as satisfied customers are more likely to return for future purchases and recommend the business to others.
A local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip are the customers are typical for the Agriculture, Food, and Natural Resources career cluster. Therefore, option (B), (C), (D) and (F) are correct.
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which country uses a franc as its basic monetary unit?
Answer:
Franc, originally a French coin but now the monetary unit of a number of countries, notably Switzerland, most French and former Belgian overseas territories, and some African states; at one time it was also the currency of France, Belgium, and Luxembourg.
a marketing plan is an important tool for communicating details of the marketing functions. what else is the marketing plan used for?
Answer:
to attract customers or other buissness man that might want to invest
A marketing plan is used in order to attract customers or other businessman that might want to invest.
What is a Marketing plan?A marketing plan may be included as part of a larger company plan. A solid marketing strategy is the cornerstone of a well-written marketing plan that will allow goals to be met. While a marketing strategy provides a list of tasks, it is useless to a firm without a solid strategic basis.
A marketing plan is an advertisement strategy that a company will use to sell its product or service. The marketing strategy will assist in determining who the target market is, the best way to contact them, the price point at which the product or service should be marketed, and how the firm will assess its efforts.
Therefore, it can be concluded that a marketing plan is designed to attract clients or other businessmen who may be interested in making investments.
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This is so true don’t you think so ???
Answer:
yup
Explanation:
A student loan is money a person borrows in order to:A: purchase a new house.B: buy luxury goods.c. pay for college tuition.D. pay off existing debt.
A student loan is money a person borrows in order to pay for college tuition. Hence, option C is correct.
What is student loan?A student loan is a loan that is given to students expressly to assist them in paying for higher education, like university. Typically, the loan is divided into two portions: one for maintenance fees and the other for tuition.
Yes, there is normal debt, albeit some lenders impose penalties for early repayment. Yes, there is student debt, and fortunately there are no early repayment fees. You should, however, consider whether it is worthwhile to pay off your debt early.
From the day the Student Loans Company sends your first payment to you, your university, or your college, interest is charged every day until your loan is fully repaid or cancelled.
Thus, option C is correct.
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Chile is able to grow and harvest grapes and strawberries in the months of October through April, while in the United States such fruit is harvested from April through October. The United States has a much larger manufacturing capacity and ships durable goods such as cars and trucks to Chile. These examples can best be explained by
Answer: the economic principle of comparative advantage
Explanation:
Comparative advantage could be described as an economy's capability to produce a particular product at than the price competitor would offer. A comparative advantage could also be described as handling two jobs but being better in one than the other. One of the jobs could be primary duty while the other is secondary, one fetches income than the other which may or may not fetch an income or having a job that supplements the work you do for the other one
From the paragraph, both America and Chile farm fruit in their various reasons but United State does it better than Chile based on her massive manufacturing industry. The United states comparative advantage is her large manufacturing industry which helps her to be better than Chile in the fruit production.
How do managers use information obtained in the income statement
Answer: The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported It then calculates operating expenses and, when deducted from the gross profit, yields income from operations.
Explanation:
You invest $500 in a fund that has shown to have a mean annual increase of $120 per year. If you leave your initial
investment in the account, and invest no additional funds, how much will your account be worth at the end of 25 years?
a) $1,200
b) $2,500
c) $3,500
d) $3,800
The investment of $500 in a fund, the account at the end of 25 years would be $3,500. The appropriate response is option C.
What is investment?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person makes an investment, they do not intend to utilize the product immediately; instead, they intend to use it to build wealth in the future.
Stocks, bonds, and cash equivalents are the three main categories into which investments are often divided. Within each category, there are several distinct kinds of investments.
The investment of $500 in a fund, the account at the end of 25 years-
120x25=3000+500=3,500
Hence, option C is an appropriate response.
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can i return something to walmart without a receipt?
Answer:
Walmart's return policy
Normally, items purchased in our stores or on Walmart.com may be returned or exchanged within ninety (90) days of purchase with or without a receipt.
Explanation:
☺
The aggregate demand curve indicates the relationship between: 1. the real wage rate and the quality of resources demanded by producers of goods and services. 2. the interest rate and the amount of loanable funds demanded by borrowers. 3. the natural rate of unemployment and the demand for goods and services when the economy is in long-run equilibrium. 4. the general price level (CPI) and the aggregate quantity of goods and services demanded.
Answer: when demand increases, supply decreases and price increases
Explanation: law of supply and demand