Answer:
Job Sharing.
Explanation:
Job sharing can be understood as an act, where one set of employees works for a given shift and the remaining work is completed by the other set of employees at any other time of the day. This is usually done by part-time workers and they tend to split their remuneration as well according to the work requirement and their performance.
Answer:
Option (D) is the right answer.
Explanation:
According to the question, customized production is the most appropriate answer because job order production refers to the manufacturing process which is unique & customized according to the customer's needs.
While the other options are wrong because of the following reasons:
- Mass production can be described as a large number of production for the same product.
- Process production can be defined as the production which takes place through a similar process for all the products.
- Unit production can be defined as the number of production of the items.
- Standard costing can be defined as the costing which occurs on the production of the product.
Hence the most appropriate answer is option (D).
Answer:
Explanation:
Price ceiling is a price regulatory system put in place by the government to check how high the price of a product can be. It is binding when it is set below the equilibrium price consequently leading to shortage of goods , but non binding if set above the equilibrium price since the price can still fall back to the equilibrium.
When shortage arises as a result of price ceiling being set below the equilibrium price , black market is formed to resolved the shortage with price set by supply and demand. Goods will be illegally sold at prices above the price ceiling.
The effect on black market in the short run will not be severe as the as demand and supply are still at the inelastic stage , but becomes severe in the long run due to elastics demand and supply.
Answer:
Net operating income= 31,300
Explanation:
Giving the following information:
Static Budget:
Units= 9,000
Selling price per unit= $5
Variable Costs per unit= $1.50
Fixed Costs= 3,000
We need to determine the operating income if 9,800 units were sold:
Sales= (9,800*5)= 49,000
Total variable costs= (9,800*1.5)= (14,700)
Contribution margin= 34,300
Fixed costs= (3,000)
Net operating income= 31,300
When a pharmaceutical company advertises that its product has a greater pain-relieving effect than Tylenol, it is using comparative advertising.
<h3>What do you mean by
comparative advertising?</h3>
A marketing tactic known as comparative advertising presents a company's product or service as being superior to that of a rival. The features of a company's products next to those of its rivals may be printed in a side-by-side comparison as part of a comparative advertising campaign.
Comparative advertising, also known as combative advertising, refers to a type of advertisement in which a certain product or service directly names a rival in order to demonstrate why the rival is inferior to the product naming it.
Learn more about Comparative advertising here
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