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 Betty White Signed Autograph Global Authentics COA, 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 Aaron Donald autographed jersey w/ JSA COAJordan 6 Rings Space Jam,
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.
Coach Purse Dark Brown Size: Med/Small,
Pokemon cards mew 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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 Ronald Acuna Jr Signed Mini Chrome Braves Helmet BAS COA,. 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 Nike Air Force 1 Toddler 10C 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.
AUTHENTIC Prada Pattern Saffiano Card Case,Funko Pop Signed Joey WheelerMichael Kors | Jet Set Continental Travel Wallet | Vanilla,
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 (Nike force 1 raygunsPokemon Charizard V Brilliant Stars,
Karl Malone autograph picture with COA,
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.
Urijah Faber Signed Official WEC UFC MMA Century Glove GTP,
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).
kate spade planner Black Welsey Dots Journal Zipper journal organizer Designer,
Michael Kors Ballet-Pink Wallet,
Timberland Wheat Classic 10860 Toddler Boots Size 12,
The concept of independent events also applies to capital financing. We know that two Authentic Louis Vuitton Vernis Agenda PM, 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 Four Wooper 38/98 & Two Quagsire 39/98 Pokémon Cards 8472 has a great deal of funding available for capital projects, and they are considering two different options.
Sam Smith Signed Love Goes CD Cover Beckett Authentication Slabbed Autographed,
Michael Kors Wallet for Women's,
Nike Court Borough Mid 2 PSV 'Bred' Red | Size 13C,Authentic Vintage Gucci GG Leather/Navy Small Coin PurseBreyer #1105 Carpe Diem Millienium Horse,
OJ SIMPSON SIGNED CUSTOM BUFFALO BILLS BLUE STAT JERSEY JSA COA #WIT828020,
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 Chris Evans Robert Downey Jr Hemsworth Avengers 5x Signed Auto 8x10 Photo W/ COA,Derek Jeter Autographed 8.5" Baseball With Plastic Display Holder & Certificate,
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.
Reserved bundle for Long V,
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, theJanie and jack boys mocasin shoes size 13 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 Derek Jeter signed autographed Magazine w/COA His Final CallJapanese Pokemon Card Fossil set Dragonite psa cgc,
Tory Burch britten mini wallet Moose,
Sorel Kids Flurry 1855252015 Black & Red Round Toe Mid Calf Snow Boots Size 10,EUC Nike Air Force 1 Mid Triple White Kids toddler boys girls Sneakers SZ 8,Timberland Kids Classic 6" Wheat Leather Boots Lace Up Size 12.5,
Nike Toddlers 9C Air Force 1 Shoes AF1, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.