Answer:
d. the highest valued alternative forgone as the result of choosing an option
Explanation:
An opportunity cost is anything that you sacrificing one thing for the other due to lack of recources and Scarcity of time
For example leisure time and working hours
Answer: (C) Piecemeal productivity improvements
Explanation:
The piecemeal productivity improvement is one of the type of business strategy that is used by various types of successful organization for the purpose of improving the productivity of an employees, the business process and also managing all bench-marking activities in an organization.
According to the given question, the given activities in an organization are the example of Piecemeal productivity improvements that helps in expanding the product scope in the market. Therefore, Option (C) is correct answer.
Therefore, Option (C) is correct answer.
Answer:
Office Supplies T-account
<u>Debit :</u>
Beginning Balance $600
Purchases $2,300
Totals $2,900
<u>Credit:</u>
Ending Balance $500
Used (<em>Balancing Figure</em>) $2,400
Totals $2,900
Adjusting Entry
Supplies Expenses $2,400 (debit)
Office Supplies $2,400 (credit)
Posting Entries.
1. Supplies Expense = $2,400 (Debit Balance)
2.Office Supplies = $500 (Debit Balance)
Explanation:
As the supplies are used during the period, recognize an expense : Supplies Expense and de-recognize the Office Supplies Asset account to the extend of the amount of inventory used during the period.
In other words we are taking out an expense (Increasing it) and decreasing an asset : Office Supplies.
Answer:
Outputs of operations management processes are always tangible goods.
Explanation:
Operations management focuses on the production and distribution processes of both goods and services. Its main goal is to improve the efficiency and effectiveness of the processes involved.
When applying operations management o service processes, you must pay attention to how the service is delivered to customers, e.g. procedures, schedules, activities, etc.
<span>Yes, provided that this information is relevant to the firm’s decisions.
By collecting the data about customers' needs and preference, a company could determine a strategy to obtain more customers in the future (through advertising or creating more suitable products by using the information taken from the customers). </span>
