Answer:
The aspect of career readiness the manager feel Corinne was lacking was Knowledge
Explanation:
Career readiness is the preparation and process of acquiring skills, knowledge, talents that are required to start a career, maintain one's position in such career and grow.
The aspect of career readiness the manager feel Corinne was lacking was Knowledge because see made a statement that implied that Corinne lack basic understanding of accounting practice.
Knowledge is an aspect of career readiness that has to do with the theoretical or practical understanding of a subject matter. It is the information, skills and facts gained through experience and education.
Other skills that are acquired in the process of career readiness are communication skills, human relation skills, critical thinking skills etc.
Answer:
The correct answer is (A)
Explanation:
Normally, goods which close substitutes tend to have more elastic demand as it is easier to switch from one brand to another because they are close substitutes. For example, if the price of Pepsi increases the consumers will easily shift towards Coca-Cola. So, close substitutes are price sensitive and they have high elastic demand compared to other goods.
Answer:
$22 per pound
Explanation:
The computation of the differential revenue of producing and selling Product C is shown below:
= Sale value per pound of product C - Sale value per pound of product B
= $82 per pound - $60 per pound
= $22 per pound
By subtracting the Sale value per pound of product B from the Sale value per pound of product C we can get the differential revenue and the same is shown above
Answer:
D. Generates rents that might go to foreigners.
Explanation:
An import quota is the trade restriction imposed by the government on the quantity of the particular commodity to be imported from another country. It protects domestic producers from foreign competition. Overseas goods are generally very cheap compared to locally produced goods, which can destroy a business from the market and can make foreign companies be the leader of the market, who can control the price and quality of the product. Therefore, it very helpful to the local producer in sustaining and generating profit in the market.
Answer:
60 Kits
Explanation:
Cost price (C) = $20/Kit
Yearly se (D) = 250 kit/year
Shipping cost / Ordering cost (Co) = $25
Holding cost (Ch) = $3.5/Kit-year
Economic order quantity = √2.D.Co / Ch
Economic order quantity = √2*250*25/3.5
Economic order quantity = √12500/3.5
Economic order quantity = √3571.4285
Economic order quantity = 59.7614305
Economic order quantity = 60 Kits
