An Acknowledged Advantage of a Larger Growing Business Is

question 24

Multiple Choice

An acknowledged advantage of a larger growing business is:

• A) more influence in the industry.
• B) more comfortable corporate offices.
• C) more social contacts in the owner's community.
• D) an easier time raising capital.

Calculate the opportunity cost related to personal decisions and economic transactions.

Relate the concept of opportunity cost to production and service outsourcing decisions.

Define the scope of economics and its application to decision-making and resource allocation.

Recognize the impact of information availability on market operations and efficiency.

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Definitions:

Calculated Control

An element in database forms that displays the result of a calculation based on other data fields or controls.

Command Button

A graphical control element in software that performs a specific action when clicked by the user.

Total Row

A feature in spreadsheet programs that automatically calculates and displays a total, average, count, or other aggregate function at the end of a data table.

Check Box

A graphical interface element that allows the user to make a binary choice, typically yes/no or true/false.