Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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So what about the 180 bags that is sacrificed to fill the special order? Are they considered an impact from making the special order?
In the discussion of Big Idea Five, we identified that, “self-sufficiency is death” because most of us would not be able to produce for ourselves the food and shelter that we need to survive. In addition to death, however, one could also say that self-sufficiency is boredom or ignorance. How does specialization and trade help you to avoid boredom and ignorance?
Is this an example of a opportunity cost? Why or why not?
“To begin, I began selling prints of my pictures in the year 2019. It's now closed. USPS and UPS were the options I had during this period to ship out orders. Because UPS was more expensive at the moment, I chose to mail my prints via USPS rather than UPS. My orders were delivered on time and without damage by the United States Postal Service.
The opportunity cost is the cost of UPS shipping.”
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