An investment of money in idle inventory, in place of investing same amount of money somewhere else is an example of opportunity cost. Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another.
Answer: Option 4
A buffer, also called buffer memory, is a portion of a computer's memory that is set aside as a temporary holding place for data that is being...
Answer: Option 1
In India, rural incomes are generally lower than the urban incomes, because large number of farmers are illiterate and know little about scientific agriculture, Prices of primary...
Answer: Option 2
Inventory can be defined as a useful idle resource which has economic value eg; raw materials, spareparts, finished items, etc. Inventory is an idle stock of physical...
Answer: Option 4
Profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as relevant opportunity cost of capital.
Answer: Option 2
Oil, being an essential commodity, our country must keep it in reserve. So, argument I is vague, while argument II holds as it provides a substantial reason...
Answer: Option 2
The term which refers to the total amount of sales made by a firm in one year or the total amount of money changing hands in business,...
