Opportunity Cost in Budget Allocation Quiz
6 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which option represents the opportunity cost involved in allocating the budget to the sales manager?

  • 20% increase in sales
  • 10% increase in customer satisfaction
  • 15% decrease in customer satisfaction (correct)
  • 10% increase in sales

    • What did the Finance head suggest to do with the budget?

  • Increase customer satisfaction by 10%
  • Decrease customer satisfaction by 15%
  • Increase sales by 10% (correct)
  • Increase sales by 20%

    • What is the monthly budget amount available for allocation?

  • $100,000
  • $1,000,000
  • $500,000 (correct)
  • $10,000,000

    • Which department was suggested by the Finance head to allocate the budget to?

    <p>Sales (C)</p> Signup and view all the answers

    What is the monthly budget amount that you can allocate?

    <p>$500,000 (B)</p> Signup and view all the answers

    What is the opportunity cost involved in this case?

    <p>The alternative option for allocating the budget (B)</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser