Jack Must Decide Whether to Go Skiing or Work on the Weekend.He

question 122

Multiple Choice

Jack must decide whether to go skiing or work on the weekend.He decides to go skiing, which costs him $500.His opportunity cost of going skiing is:

• A)the number of hours needed to earn money to pay for the ski trip
• B)what else he could have done with his time if he was neither skiing nor working
• C)the danger that he will get injured while skiing
• D)how much he could have earned if he worked instead

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Definitions:

Geographical Sales Organization

A sales strategy that divides an organization's market based on geographical locations to better cater to customer needs.

Travel Time

The duration required to move from one location to another, often considered in planning and logistics.

Selling Effort

The amount of time and energy dedicated by a sales team to promote and sell a product or service.

Break-Even Chart

A graphic presentation of the break-even analysis that shows when total revenue and total cost intersect to identify profit or loss for a given quantity sold.