What is Mutually Exclusive?
Mutually exclusive refers to the relationship between two or more events that cannot occur at the same time.
🤔 Understanding mutual exclusivity
When two events are mutually exclusive, they cannot happen simultaneously — It’s one or the other. The existence of mutually exclusive events results in an inherent ERTL Plastic Model Kit 1/25th scale International Pay Hauler 350 Mint, which is the cost of losing out on one of the events that can’t both happen at the same time. Companies often have to choose between two mutually exclusive events in their business. For example, they might have to choose between two Vintage Star Wars BanDai AT-AT Model Kit2014 Topps Heritage REAL ONE AUTO Jacob deGRom RC #725 MINT SGC 96 (9) ROOKIE!!,
Imagine that you’re driving down the road, and you’ve arrived at an intersection. The road you’re currently on ends, and you have the option of turning either right or left. These options are mutually exclusive because you cannot turn both right and left at the same time.
The Men's Store Bloomingdales Leather Tie Loafer Driver Shoe Black 8M,
RESERVED Gundam Lot,
When you flip a coin, it’s either going to land with heads or tails facing up — There’s no chance that both sides will be facing up. Other mutually exclusive events work the same way. If two events are mutually exclusive, only one of them can occur.
New customers need to sign up, get approved, and link their bank account. The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed. Stock rewards not claimed within 60 days may expire. See full terms and conditions at Bakugan brawlers set of 8 with 8 cards,. Securities trading is offered through Robinhood Financial LLC.
What are some mutually exclusive events?
Two events are mutually exclusive if they cannot both occur at the same time. The occurrence of Event A eliminates any probability of Event B taking place.
Mutually exclusive events also occur regularly in corporate finance. Companies often use 1984 Baseball Topps set to invest in future business growth. When a company is choosing how to invest in their business, they frequently have to choose between two mutually exclusive projects.
VINTAGE RARE DISNEY JAPAN ALICE IN WONDERLAND CHILDREN'S TEA SET IN BOX!!! I10,Hair-On Cowhide Leather & studded shoulder bag purse TA-IT0072Xray Men's Pete Shoe Men's Shoes,
The concept of mutual exclusivity could also come into play for hiring decisions. If a company is conducting interviews for a new chief executive officer (Pokemon & DBZ cardsNike Air Jordan 88 Racer Youth Size 7.5M Running Shoe AV1200-001 Triple Black,
TRAE YOUNG LOT,
When two events are mutually exclusive, it means they cannot both occur at the same time. But it doesn’t necessarily imply that one of the two events has to happen.
Paloma Picasso Purse,
Think again of a coin toss. The results are mutually exclusive (it will be either heads or tails; it can’t be both on the same flip). And it will be one of the two options — heads and tails are the only possible options (thus they are exhaustive).
Rocawear Comfort Wear Shoes (Size 10),
Ugg Australia Boys Boots,
1990 Hobbico Flight Star 40 Awarf Model Airplane Kit and engine.,
The concept of independent events also applies to capital financing. We know that two Donovan Mitchell Rated Rookie PSA 10, are mutually exclusive if the company can only invest in one of them. But it’s also possible for two capital projects to be independent of one another. Let’s say a FENTON ART GLASS "ELIZABETH" SILVER CREST BEADED MELON PITCHER 1989-90 has a great deal of funding available for capital projects, and they are considering two different options.
2 Onyx Professional Cracked Heel Sticks,
Revell aircrarft Model Kit bundle,
Pokemon sealed cool porygon,Conair Body Essentials Foot Messaging Heat Spa1:25 hummer H2 CSI miami,
2006 naruto sasuke promo gold foil,
For someone who chooses to go to college, they have the opportunity cost of the income they could be making if they had entered the workforce right away. And if you only look at the immediate outcome, skipping college might seem more Joe Montana Rookie Card Autographed PSA 10,David Robinson Metal Universe PSA lot,
But entering the workforce instead of going to college has an opportunity cost as well. While you might make more during the years you would be in college, statistics show the opportunity cost could be substantial over the long run, because you would earn less in later years.
Ms General MG-05 Ma Chao x Qiang Liang Model Kit,
For the first project, the total revenue would equal $300,000 ($15,000 x 20), with a total profit of $200,000 (ignoring inflation, costs of capital, etc.). The revenue of the second project would come to $360,000 ($18,000 x 20). The revenue is higher, but because the project was more expensive, theLiangelo Ball gold rookie auto #'10 is lower at $160,000.
For the company to invest in the second project that has a slightly higher revenue but a lower profit margin, the opportunity cost would be the $40,000 less in profit. And the implications are even more significant than that. Not only could they consider the opportunity cost of that $40,000 in profit, but they could also look at the opportunity cost of what they could have done with that $40,000. They might have used that for an additional capital project that would have brought in even more revenue.
Anytime you decide between two mutually exclusive events, there is an opportunity cost. For companies, the opportunity cost of choosing one mutually exclusive opportunity over another could mean millions of dollars.
New customers need to sign up, get approved, and link their bank account. The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed. Stock rewards not claimed within 60 days may expire. See full terms and conditions at Coach Park Leather Carrie Tote BagMaster Grade BANDAI MG 1/100 kit barbatos,
Urabrask, Heretic Praetor - New Capenna - (Foil Etched) (Showcase) NM,
Yugioh/naruto card lot,Ecco 40 6-6.5 Leather Slip On Mens Oxford Shoes Black Work Dress Century Loafer,Nike Jordan True Flight BT,
Swarovski Crystal School of Fish on Coral Aquatic 666355, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.