1. the giving up of one benefit or advantage in order to gain another regarded as more favorable.
2. the second-best alternative (or the value of that alternative) that must be given up when making a choice.: the second-best alternative (or the value of that alternative) that must be given up when making a choice.
3. a process of examining the benefits (positive results) and costs (what is given up – lost benefits) of each available alternative in arriving at a decision.: a process of examining the benefits (positive results) and costs (what is given up – lost benefits) of each available alternative in arriving at a decision.
4. a widely observed relationship in which the additional satisfaction (marginal utility) associated with consuming additional units of the same product in a given amount of time eventually declines.: a widely observed relationship in which the additional satisfaction (marginal utility) associated with

Payday loans could be considered as a. illegal b.subprime lending c. good deal for borrower d. for frequent use

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f.o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f.o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f.o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f.o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f.o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.