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Crank
2 years ago
5

Which of the following explain the concept of explicit costs? (Check all that apply.) Multiple select question. A firm's monetar

y payments made for the use of resources owned by others. A firm's monetary payments that self-employed resources could have earned in their best alternative use. A firm's monetary payments to those who supply labor services, materials, fuel, and transportation services. A firm's monetary payments received for the use of resources owned by the firm.
Business
1 answer:
aleksklad [387]2 years ago
4 0

The phrase "explicit costs" refers to a company's monetary payments to individuals who provide labor, materials, fuel, and transportation services as well as payments paid for the use of resources that belong to other people. The correct option is (a) & (c) .

<h3>What is labor specialization?</h3>
  • When businesses separate their production or service process into many fixed tasks, specialization of labor, also known as division of labor, develops.
  • Employees don't complete numerous tasks themselves; instead, they repeat a single step of the production process.
  • The marginal-cost, average-total-cost, and average-variable-cost curves all move up.Y

What is division of labor and specialization in economics?

  • When a worker is specialized, they only carry out a small number of different jobs.
  • In the context of businesses, it alludes to many businesses that specialize in manufacturing various items or services.
  • When a good or service is produced, various workers are assigned to distinct duties. This is known as division of labor.

Learn more about labor specialization

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One reason a long-tenured top-level manager may hesitate to conclude the firm's structure is a problem is that doing so: a. sugg
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Answer: suggests that the firm's previous choices were not the best ones.

Explanation: For a long-tenured top-level manager to make such proclamation, shows the inefficiencies of the firm which he is a part of. He obviously has been with the firm for a very long time and making that proclamation will also be a dent in his image as a manager.

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3 years ago
Administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving fo
antiseptic1488 [7]

Answer:

Administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project, are often involved in closing.

Explanation:

A project is any exercise by an individual or group that has been carefully designed to achieve a certain future goal. A project needs to take into a account various strategies for it to actually achieve what was originally set out in the goals. A project that achieves its goals can be described as a successful project. Most undertakers of a project always wish for their project to be successful, since a project always involves investment in terms of finance, human resources and time. The amount of investment in a project depends on the scope and level of complexity of the project. Vast complex projects usually require for them to be broken down into different phases to make them simple in understanding and execution.

For projects to be successful, one needs to find a way in which the resources going into the project are dealt with in such a way that the direction of the project is in line with the project goals. This is what is defined as project management and it has different phases. The phases of project management are;

1. Initiating: this deals with the planning phases of the project where the goals are set and the project needs are determined. This phase deals with determining the procedure for project execution.

2. Executing; once all the project needs have been determined and purchased, they are put to work.

3. Monitoring and controlling: in this stage, the workings of the project are checked if they have attained the standards stated.

4. Closing: in this stage, administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project is done.

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3 years ago
On December 7 Oklahoma City thunder
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rolled?

Explanation:

5 0
2 years ago
According to Brynjolfsson and McAfee (2014), in winer-take-all markets, the compensation (e.g., revenues) is mainly determined b
podryga [215]

Answer: The correct answer is "relative perfomance".

Explanation: According to Brynjolfsson and McAfee (2014), in winer-take-all markets, the compensation (e.g., revenues) is mainly determined by <u>relative perfomance.</u>

A type of market in which the winner takes everything clearly implies that the best competitors are those who take a large proportion of rewards while the worst little or nothing. To say that it is determined by their relative performance, refers to the subjects receiving rewards based on their performance in relation to the other competitors.

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3 years ago
What are the requirements (if any) for entering the military after high school?
tankabanditka [31]

Answer: You need a GED or High School Diploma

Explanation: In addition to being a United States citizen or permanent resident alien, you must have a high school diploma or GED to join the Army as an enlisted member. You must also meet height, weight and overall physical health standards. The minimum score you can get on the ASVAB test is a 31.

8 0
2 years ago
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