Answer:
The correct answer is letter "B": satisfaction that results from the consumption of a good.
Explanation:
Utility is referred to as the satisfaction or joy an individual perceives by consuming a good or service. The more the individual consumes that good the higher the satisfaction until a point where the joy starts to diminish and is eventually null. The concept of utility assumes individuals make rational decisions to maximize their benefits.
Answer: E. hiring the right people to become more competitive on a local basis.
Explanation: Current strategic issues that are of concern to manager are issues that improve business and increase profits.
In this scenario, the current issue of particular concern to managers includes;
1. To hire the right people to apply new information technology for mobile business
2. To know the right people to retain when a mergers, acquisitions, or downsizing occur
3. To hire the right people to become more competitive in the global stage.
4. To hire the right people for improving quality, innovation, and customer service.
Answer:
The answer is $1357.85
Explanation:
Future value= Σ C(1+i)^n
FV = 116(1.141^3) + 135( 1.141^2) + 885(1.141) = $1357.85
Answer:
Instructions are below.
Explanation:
Giving the following information:
Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $13.10 per hour.
Production of 6,100 units required 18,670 hours at an hourly rate of $12.70 per hour.
<u>To calculate the direct labor efficiency and rate variance, we need to use the following formulas:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (3*6,100 - 18,670)*13.1
Direct labor time (efficiency) variance= $4,847 unfavorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (13.1 - 12.7)*18,670
Direct labor rate variance= $7,468 favorable