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lord [1]
1 year ago
13

True or false: A potential consequence of an incentive system for factory workers is that workers who are rewarded solely on out

put, may sacrifice the quality of a product to produce more.
Business
1 answer:
wolverine [178]1 year ago
5 0

If there is incentive system linked to quantity of output produced then workers will try to produce as much products as they can, compromising on the quality of product.

The statement is True.

<h3>Incentive system based on Quantity Produced</h3>

There are different incentive systems in a factory. A worker may get rewarded base don quantity produced.

If this is the case then the worker will try to make more products in minimum possible time which can reduce the quality of those products.

Learn more Business at brainly.com/question/27328022

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A point outside the production possibilities curve represents a combination of goods that is
pochemuha

Answer:

A production combination outside of the PPF is unattainable by the economy with the given resources and technology.

This represents the Concept of scarcity in economics.

If the economy wishes to achieve the production point outside the frontier, they will have to enhance the production possibility capacity by introducing new technology or finding new resources.

Explanation:

4 0
2 years ago
A firm is productively efficient when:__________.
inna [77]

Answer:

Its is A

Explanation:

7 0
3 years ago
Consider the following information pertaining to OldWest's inventory:
kipiarov [429]

Answer:

$2,664

Explanation:

Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.

Product     Quantity    Total Cost     Total Net Realizable Value

Revolvers      13           $126              $155

Spurs             22          $32               $27

Hats               9            $58               $48

Choosing Which one is lower for each product

Product     Quantity    Rate        Total Value

Revolvers      13           $126              $1,638

Spurs             22          $27               $ 594

Hats               9            $48               $432

Total Closing Inventory Value = $1,638 + $594 + $432 = $2664

4 0
3 years ago
Child Play Inc. manufactures electronic toys within a relevant range of 20,000 to 150,000 toys per year. Within this range, the
Ray Of Light [21]

Answer:

Toys produced                40,000         80,000           120,000

Total costs:

Total variable costs      $720,000     $1,440,000     $2,160,000

Total fixed costs           $600,000      $600,000        $600,000

Total costs                   $1,320,000   $2,040,000     $2,760,000

Cost per Unit

Variable cost                   $18                   $18                     $18

Fixed cost                        $15                  $7.50                   $5

Total cost                        $33                 $25.50               $23

Fixed costs do not change with total output, they are the same regardless so the number of units produced. Variable costs change proportionally to any change in total output. If total output increases, variable costs will increase.

3 0
2 years ago
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishi
nexus9112 [7]

Answer:

Explanation:

For computing the  cost of inventorying, we have to apply the formula which is shown below:

= Total costs ÷ Number of items

1. Cost of inventorying = Total costs ÷ Number of items

                                     = $125 ÷ 100 items

                                     = $1.25

Total cost = $100 + $25 = $125

2. Cost of inventorying = Total costs ÷ Number of items

                                     = $150 ÷ 150 items

                                     = $1

Total cost = $100 + $25 + $25 = $150

3. Cost of inventorying = Total costs ÷ Number of items

                                     = $175 ÷ 160 items

                                     = $1.10

Total cost = $100 + $25 + $25 + $25 = $175

$25 is the each worker pay

To minimize the cost we required two workers as the cost of inventorying is lesser than other two.

3 0
3 years ago
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