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 Small North Face Beige Nylon Winter Jacket, 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 New Ray-Ban RB4744N Blaze Oversize Square - Tortoise/Brown SunglassesRay-Ban RB4285 Sunglasses,
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.
Giorgio Armani Black Sunglasses and case,
Super Mario 3D All Stars,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 EMS womens Catskills 3-in-1 coat NWOT,. 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 Oakley polarized prizm p 24K gold XL lenses for flak 2.0 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.
Lululemon Zip Up Jacket,Vintage ~ Maui Jim Diamond Head 145-19 Sunglasses with caseTupperware Pop A Lot Toy,
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 (*NEW* Designer women's thick leather belts bundle! Size S/MNWT lululemon hooded define jacket,
Sealed Ratchet and Clank Collection,
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.
Super Mario Bros Deluxe for Nintendo Gameboy Color,
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).
Black or Brown Clubround RayBan,
Ralph Lauren RLX Women’s Performance Golf 1/4 Zip Pullover Size Medium NWT,
Lot of 5 Pit Viper Sunglasses,
The concept of independent events also applies to capital financing. We know that two Nintendo wii games bundle, 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 Free People belt has a great deal of funding available for capital projects, and they are considering two different options.
GreenWorks Lawn Mower Grass CATCHER BAG & FRAME Assembly Bagger,
1967 Creative Playthings, Inc. Rug Croquet R606,
Super rare Nintendo Wii zip up golf polo uniform shirt Women's Size Small,Fatal Fury: Wild Ambition on PlaystationLaser X Laser Tag NIB,
Grand Theft Auto The Trilogy for Playstation 2,
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 Bollé Natrix Sunglasses,Louis Garneau optic eyewear Triathlon glasses lunettes safety cycling sunglasses,
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.
Mortal Kombat 3 for Super Nintendo,
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, theGhost of Tsushima PS5 (New) 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 Costa Del Mar Men's Pescador Rectangular SunglassesRay-Ban RB4330CH Chromance Sunglasses with Black Frame,
EastPoint Sports ACL Outdoor Cornhole Game Set Wood Boards, 8 Bean Bags Included,
5 nes games, 4 cases and 2 manuals,New Smith Outback OXZ-X6 59mm Crystal Mediterranian Sunglasses,Nike Jordan 1 Mid SE Sneakers (TD) Toddler 6C NEW,
Ray-Ban Sunglasses RB 3387 Polarized 004/82 6415 3P, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.