the money or other benefits lost when pursuing a particular course of action

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What is influence earned income?

Career. Education, training, and experience are some factors that influence earned income. True. High productivity will typically get you positive attention and feedback when you are on a job.

What is the cost of passing up one opportunity to take advantage of something?

Opportunity cost is the value of the best opportunity forgone in a particular choice. It is not simply the amount spent on that choice. The concepts of scarcity, choice, and opportunity cost are at the heart of economics. A good is scarce if the choice of one alternative requires that another be given up.

What is the collective skills and knowledge of people that can be used to create economic value for individuals their employers or their community?

the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community: Education is an investment in human capital that pays off in terms of higher productivity. GOOSES.

What is generally true about earning an income quizlet?

What is generally TRUE about earning an income? Someone with greater skills in a particular area will often command a bigger income than those with less experience.

What are financial opportunity costs?

Opportunity cost is the value of what you lose when you choose from two or more alternatives. It's a core concept for both investing and life in general. When you invest, opportunity cost can be defined as the amount of money you might not earn by purchasing one asset instead of another.

Do all opportunity cost have benefits?

The main advantages of opportunity cost are; Awareness of Lost Opportunity: A main benefit of opportunity costs is that it causes you to consider the reality that when selecting among options, you give up something in the option not selected.

What is the money or other benefits lost when pursuing a particular course of action instead of a mutually exclusive alternative?

noun Economics. the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative: The company cannot afford the opportunity cost attached to policy decisions made by the current CEO.

What is the knowledge skill and capabilities of individuals that have economic value of the Organisation?

The knowledge, skills, and capabilities of individuals that have economic value to an organizationHuman capital is intangible and cannot be managed the way organizations manage jobs, products, and technologies. Valuable because capital:is based on company-specific skills. is gained through long-term experience.

What is passive income business?

Passive income is earnings from a rental property, limited partnership, or other business in which a person is not actively involved.

What is net pay Everfi quizlet?

Net Pay. The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is. Good ways to track your budget.

What is the Earned Income Tax Credit quizlet?

Earned Income Credit (EIC) is a refundable tax credit for qualified (low-income) taxpayers who have earned income. Earned income includes: wages, self-employment income, and eligible disability pay. There are seven rules that must be met in order to qualify for EIC.

Is earned income?

Earned income is any income received from a job or self-employment. Earned income may include wages, salary, tips, bonuses, and commissions. Income derived from investments and government benefit programs would not be considered earned income. Earned income is often taxed differently from unearned income.