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 Yuri HUELLAS (Gold Edition) CD RARE, 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 Baby Alive Doll and Loads of AccessoriesDisney Frozen Dolls Cinderella,
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.
Adidas Shoes Cosmic 2 mens size 13,
Nintendo Super Mario DLX Bowser's Airship Playset with Mario Figure New,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 1991 Topps Chipper Jones #1 DRAFT PICK True RC, MINT (HOF),. 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 Vintage baby bunting 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.
Build a Bear Workshop Friends 2B Made Sweetheart Doll,WWE Elite The Goon Collector Edition Mattel Rare Wrestling WWF Walmart ExclusiveBerenguer realistic newborn doll,
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 (badgley mischka Vegan leather womens purse.Maren Morris CD Humble Quest w/Signed cd booklet,
Michael Kors Soft Pink Leather Handheld Bag,
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.
Bo Jackson *Error card*,
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).
Nike react vision Mens Marathon Running Shoes,
VN0A4BTXVTM1 VANS Sid Dx Anaheim Factory (Red) Men Sneakers Size 13,
Lps kitten Lot,
The concept of independent events also applies to capital financing. We know that two Puma Rebound, 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 American West Tote Bag Purse Brown Cowhide Studded Western Tooled Leather Rare has a great deal of funding available for capital projects, and they are considering two different options.
WWE Mattel Elite,
Fine handknotted wool rug 10x13,
Castro Brown Genuine Suede Leather Oyster Hobo Bamboo Wooden Handles Hand Bag,Vintage Wool RugMarvel legends man-thing build a figure BAF,
Cabbage Patch Kids Red Hair Doll,
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 NIKE Reax Shoes sneakers white yellow grey mens size 13,Vintage SweetHeart Baby Doll,
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.
Michael Kors Hamilton red purse handbag,
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, the1958 Topps Christmas pack Mantle Aaron 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 CLC Nu Clear Album NO PHOTOCARDLucky Brand Women’s Cuffed Sandal Suede Open- Toe “LK Barbina” Shoe-Sz 8,
ALO Yoga Gray Serenity Active Bra Top size S,
ROMPER SET FOR REBORN DOLL TODDLER*,2020 Bowman Mega Box Blue Riley Greene Auto PSA 10!,2018 Topps Chrome Rond Acuna Jr Xfractor PSA 10,
Short dress / homecomimg dress / dama dress, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.