You are considering adding a wood shop to your home. You enjoy woodworking and could make items
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You are considering adding a wood shop to your home. You enjoy woodworking and could make items for sale. In considering this addition, you look only at the extra cost of the shop and the potential benefits of having the shop. This is an example of:
(a) opportunity cost decision making.
(b) sensitivity analysis.
(c) marginal analysis.
(d) reasonable assumptions.
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Related Book For
Wiley Pathways Personal Finance Managing Your Money And Building Wealth
ISBN: 978-0470111239
1st Edition
Authors: Vickie L. Bajtelsmit, Linda Rastelli
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