How do unseen costs make it difficult to decide if it is better for government or private companies/people to spend our money? Provide an example using a ""seen"" and ""unseen"" cost to prove your answer.

Question

Business

Abraham Buckley

13 January, 17:15

How do unseen costs make it difficult to decide if it is better for government or private companies/people to spend our money? Provide an example using a ""seen"" and ""unseen"" cost to prove your answer.

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Answers (1)

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Zayden Carr · Answer 1

Unseen costs might affect government or private companies / people because these costs are difficult to identify and might be under your budget.

Explanation:

Unseen costs may affect your business company or even governments because they hidden. Seen costs are the ones you take into account in your badger and you are able to plan, include and easily detect. One example of an unseen cost can be the maintenance of an specific equipment or device which you were not expecting. There is complicated to foresee these costs so you can add an extra percentage to your original budget.