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 GAIL SHUMAKER "Jacey" DOLL LLOYD MIDDLETON "ROYAL VIENNA COLLECTION" 20 inch, 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 Scorpion Exo R420 Sugar Skull black and gold Motorcycle HelmetJOSE SALAS 2021 Bowman Chrome Mega Box Green Refractor Auto 51/99,
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.
Jerry Garcia Mcfarlane Spawn Action Figure,
Women 14KT Gold Ring,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 2021 Heritage Nick Castellanos Gold Refractor #'ed 2/5 SSP Cinci Reds,. 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 BMW R100RS by Bill Stermer Motorcycle Collector Series 2002 First Edition 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.
embroidered long sleeve top,Rainbow High doll Gabriela Icely sweets version New Barbie BJDNew JUMBO 24" Gigi the cat Squishmallow,
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 (Beauty and the Beast Wishables - WardrobeDIE CAST TANK 1:72 ACTIONS SERIES AND AR,
Vintage Alvin & the Chipmunks Roadshow Trunk w/ Box & 18 Figures,
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.
1986 GI Joe Tomahawk complete w pilot,
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).
GLX Matte Black Helmet,
5.75 Inch Black Halo Angel Eyes LED Headlight For Sportster 1200 883 Street 500,
TROLLS WORLD TOUR LOT OF 2 NEW FACTORY SEALED SINGING POPPY & 4 PACK OF MINIS,
The concept of independent events also applies to capital financing. We know that two Toy Story 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 Traxxas Size M Motorcycle Helmet has a great deal of funding available for capital projects, and they are considering two different options.
Barbie Fifth Harmony Normani Doll - NEW & Sealed! RARE!,
GI Joe Classifed Deluxe Snake Eyes 00,
American Girl Pleasant Company Kirsten,Juan Soto Bowman's Best PP Rookie Gem mint 10Bratz Cloe pajamas excellent,
AG horse lover outfit w/hat,
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 Paul Goldschmidt Rookie Auto,Vintage Coleco Cabbage Patch Kids Doll Brown Hair & Eyes Sticking Out Tongue 16",
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.
Reggie Jackson autograph 9/25,
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, theFox Racing Womens motocross pants size 5/6 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 Ian Moller elite extra die cut auto 76/76.BT-S3 Motorcycle Bluetooth intercom,
2012 Monster High, High School,
OnePlus Nord N10 5G Midnight Ice 128 GB Smartphone,Vintage referbished Fulmer FX Motorcycle Helmet,Vintage Barbie Doll Vacation Time #1623 Pink Sweater & Shorts Outfit shoes,
Manning Generations 8x10 auto, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.