Loading
Page
Description
A wise manager is one who keeps a check on costs and makes informed decisions based upon the understanding of these costs.
To prepare for this Discussion, “Shared Practice: The Impact of Sunk, Opportunity, and Accounting Costs,” refer to your Learning Resources for this week, research in the Walden library, and your professional experience. Then, select one of the following types of costs: sunk costs, opportunity costs, or accounting costs, and think about a scenario where this type of cost was important for informing decision making. Think about another scenario where this type of cost was important for furthering stakeholder agendas.
By Day 3
Post the following:
Provide an explanation of a scenario of how the type of cost you have selected (sunk, opportunity, or accounting) has impacted an organizational decision.
Provide an explanation of a scenario of how the type of cost you have selected (sunk, opportunity, or accounting) may be used to further stakeholder agendas.
Explanation & Answer:
400 words
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Attached.
Topic: Application of Opportunity Costs
-
Provide an explanation of a scenario of how the type of cost you have selected (sunk,
opportunity, or accounting) has impacted an organizational decision.
-
Provide an explanation of a scenario of how the type of cost you have selected (sunk,
opportunity, or accounting) may be used to further stakeholder agendas.
-
References
Running Head: APPLICATIONS OF OPPORTUNITY COSTS
Applications of Opportunity Costs
Name
Institution
Date
1
APPLICATIONS OF OPPORTUNITY COSTS `
Opportunity cost is a term used to describe the value, profit or benefit of something
that is given up in order for something else to be achieved (Kurzban et al., 2013). And
because all resources such as time, money, land, etc. can have alternative uses, then all our
actions, de...
Review
Review
Anonymous
Just what I needed…Fantastic!
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
Most Popular Content
Europe(Continental)