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 2020 Stylish UV400 Oversize Sunglasses Fashion Women Sunglasses Black Square Sun, 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 Spirit Halloween Evil ScientistTom Ford Stevie 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.
Dior Red Lady sunglasses,
Neiman Marcus white high waist pant 6,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 Amazing Spiderman 41 CGC 6.0 (1st Rhino Appeaeance),. 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 Anthropologie Pilcro And The Letterpress High-Rise Skinny Floral Corduroy 28 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.
Max Studio Pants Faux Leather Moto Jogger Black Drawstring Vegan Size Large NWT,Halloween corpse bride skeleton dolls plus wolfman2020 Hot Selling Custom One Piece Wholesale Sunglasses,
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 (RARE Beetlejuice Movie Banner Vinyl Sign HUGE Halloween Man Cave Home TheaterLa Corda D'Oro Complete Manga Lot Set vol 1 - 17 in English rare,
Metal Style Double Color Magnet Metal Clips on Sunglasses Polarized UV400 Protec,
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.
2021 New Sports Sunglasses Two Colors Frame Dazzling Cycling Glasses Outdoor Men,
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).
Ultimate Comics Spiderman #1, CGC 9.4, Marvel 2011, 1st series Miles Morales,
Animated forgotten toys creepy toy box from party city,
BV Male and Female Business Style Classic Quality Metal Sunglasses,
The concept of independent events also applies to capital financing. We know that two Double Bridge Designer Polarized Metal Sunglasses in Stock, 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 Women′s Gradient Flat Top Large Frame Sunglasses has a great deal of funding available for capital projects, and they are considering two different options.
Moon knight lot 6 books,
Low MOQ Fast Shipping Customized Log Sunglasses,
Xiamen Factory Wholesale Tr90 Plastic Polarized Round Sunglasses for Women,NWT Dooney & Bourke Yankees WristletDept 56 "Halloween Party House" sold w/ Jack-o-Lantern string lights,NIB Ceramic,
Stylish Plastic Sunglasses for Children (LT806003),
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 2022 CE Protection Double Bridge Trendy Metal Frame Polarized Pilot Sunglasses,Polarized Lens for Prescription Glasses Metal Polarized Clip on Sunglasses Magne,
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.
Reflekt Unsinkable Lotus sunglasses,
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, theSpirit Halloween Lord Dakhanavar RESERVED 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 Brahmin Sally Wristlet Genuine Pebbled LeatherCloth & Stone Anthropologie Wide Leg Crop Pant in Charcoal Gray Large,
Manufacture Hot Sales Life Style Fashion Square Sunglasses,
First Run Scream 25th Anniversary Ghostface Costume Metallic Fabric,Godzilla King of monsters Marvel comic,Fashion Classic Designed Aviatore Metal Sunglasses,
BAYC SECRET HISTORY OF THE WAR ON WEED LE 500 BORED APE, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.