Asked by
Gurpreet Singh
on Dec 11, 2024Verified
Which of the following is a residual reward that accrues to business decision makers who use resources so as to increase their value?
A) opportunity cost
B) earnings of employees
C) economic profit
D) interest earnings of corporate bondholders
Residual Reward
The reward or profit remaining after all the costs have been deducted.
Business Decision Makers
Individuals or groups within an organization responsible for analyzing situations and making choices that affect the organization's direction and success.
Resources
Assets, materials, and inputs needed for the production of goods and services, including human resources, natural resources, and capital resources.
- Describe the circumstances that lead to the efficient distribution of resources in competitive markets.
Verified Answer
BG
Learning Objectives
- Describe the circumstances that lead to the efficient distribution of resources in competitive markets.