Table 3-1 -Refer to Table 3-1. What Is the Opportunity Cost of the Opportunity

question 34

Multiple Choice

Table 3-1

-Refer to Table 3-1. What is the opportunity cost of 1 kg of potatoes for the Rancher?

• A)4 hours of labour.
• B)5 hours of labour.
• C)5/4 kg of meat.
• D)4/5 kg of meat.

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Definitions:

Long-term Debt

Loans, bonds, or other forms of financing that are repayable over a period longer than one year.

Cash Dividends

These are payments made by a company out of its profits to its shareholders, usually in the form of cash.

Cash Flow

The sum of funds being moved into and out of a company, particularly in relation to its cash flow.

Financing Activities

All transactions (other than interest payments) involving borrowing from creditors or repaying creditors as well as transactions with the company’s owners.