The cost of the next best alternative use of money, time, or resources, when one

choice is made rather than another

Question 7 options:

opportunity cost

User Assessment

Alternative Banking

Search Cost

Connor heard that as a general rule, he should spend no more than one week's pay on rent. If Connor's salary is $29,000 per year, what is the maximum amount per month that he should spend on rent? A. $475 B. $523 C. $845 D. $558

Imagine that the U. S. economy has an initial unemployment rate equal to the natural rate of unemployment. Identify each event as a factor that will either increase or decrease unemployment in the short run. increase An oil cartel raises oil prices.

In 2005, Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico which subsequently drove up natural gas, gasoline, and heating oil prices.

Why might you want to use a blog instead of an email? A. if I wanted to communicate in person I would use a Blog while I would use email for online Communication. B.

Which of the following are true about retirement? select all that apply a. health needs can cut into retirement funds b, accidents do not affect retirement funds c, retirement planning does not include your personal goals d, part of retirement

Which of the following would be subtracted from net income when determining cash flows from operating activities under the indirect method? An increase in accounts payable. Depreciation expense. A decrease in prepaid insurance.

Which entry would record the payment of a utility bill? A. Debit Utilities Expense; credit Cash B. Debit Cash; credit Utilities Expense C. Debit Utilities Expense; credit Accounts Payable D. Debit Accounts Receivable; credit Utilities Expense

Waymire Company sells a motor that carries a 60-day unconditional warranty against product failure. From prior years' experience, Waymire estimates that 3% of units sold each period will require repair at an average cost of $100 per unit.

In the film industry, what is the term used to describe all the activities and actions taken in order to create a movie? a. acquisition b. distribution c. exhibition d. production

Taxpayers who recover all or part of an item that they deducted or took a credit for in a prior year, must report the same amount as