Answer:
work experience is the correct answer for PLATO
Answer:
Direct labor time (efficiency) variance= $40,000 favorable
Explanation:
Giving the following information:
The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $20.
Last month, 18000 units were produced, and 88000 direct labor hours.
T<u>o calculate the direct labor quantity variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 18,000*5= 90,000
Direct labor time (efficiency) variance= (90,000 - 88,000)*20
Direct labor time (efficiency) variance= $40,000 favorable
Answer:
(B) The company will be flooded with applications from individuals who are barely qualified.
Explanation:
The sites that are used for seeking jobs are very popular and usually the first place anyone will look at when in need of a job. That is why too many unqualified people may send their applications.
<u>With such a big popularity of the web site, the prestige of the company, and so many people sending their resumes to any ad that shows up (especially to the big companies), there will be too much work for the recruitment department.</u>
Therefore, it would be better to find the right audience to present the advertisement for the job, as getting quality resumes helps a lot to the HR department.
Answer:
respond aggressively by cutting prices ; will do nothing and leave prices unchanged.
Explanation:
The kinked demand curve was developed by an economist, Sweezy to addressing price inflexibility associated with an oligopolist market. In an oligopolist market, prices tends to remain unchanged over a long period of time even when costs are declining. The kinked demand curve hypothesis states that a firm faces a demand curve with a kink at the prevailing price level. This means that the curve is more elastic above the kink and less elastic below it. Here, there is less response to a price increase compared to much response to a price decrease.
According to the assumption under kinked demand curve, each firm in an oligopoly believes that if a firm cut price below the prevailing level, then competitors will follow suit. This is because competitors feels that if they do not cut their prices too, then their customers will leave them and buy from the competitor that is selling at lower price.
It is also assumed that, if a firm increases the price of his goods and services above the prevailing level, then competitors will not follow suit. This means that if a firm increases the price of his goods and services, there will be reduction in sales hence competitors will not increase their price. This because customers will patronize firms with the same or similar products hence increase competitors sales.
