Answer:
the manufacturer's duty of care extends to all persons who might foreseeably be injured if the manufacturer does not exercise its duty of care
Explanation:
Negligence liability can apply to persons or organisations not explicitly interested in the accident at question — a term known as vicarious liability. Vicarious responsibility for negligence is also asserted to ensure that an accident victim can collect her or his compensation from an economically stable and properly protected party.
Small companies, associations, organisations and major corporations may also be held legitimately accountable in cases where they have failed to secure the health of everyone else adequately. Additionally, respondeat superior may also render an employer responsible for job-related injuries affecting his or her workers even though at the moment of the incident the employer had not been present.
Answer:
import that good
Explanation:
International trade involves the exchange of goods and services between countries.
Due to comparative advantage that some countries have in producing goods they incur less cost than other countries when manufacturing such goods.
In the give scenario where world price of a good is below its domestic price, the country does not have comparative advantage in producing the good. Their cost of production is higher than world price.
The best option will be to import the good. This will save the country high cost of production locally
Answer:
D $88410
Explanation:
Work in progress includes all the raw materials, direct labour and conversion costs incurred so far excluding cost of goods sold .
WIP= Intial WIP +Manufacturing costs incurred- Cost of goods sold.
The WIP inventory at the begining of the period is given as nil.
WIP during the period = (95000*80%)+56000+13600+107000
=252600(but it was given that 65% of the Process was completedi.e., finished goodswhich are not the part of the WIP inventory ; hence the remaining 35% is the Work in process inventory)
=$ 88410.
Further the remaining raw material 20% = 95000*20% shall not comprise a part of the WIP as it has not been brought into process itself , it shall lie in raw materials inventory itself.It shall be counted into the WIP once it is brought into the manufacturing assembly line.
Answer:
B because the broker pays their part of comission if I'm correct
Solution :
a). There are several methodologies for the projects that are followed by the different companies. The successful of any project depends upon the far sightedness of the project manager and the ability of him to the execute the project in a proper order. One of the key factors that makes a project complete is the behavior of the people.
The vendors incur some excessive or some unnecessary costs to the project of they are not properly managed. The duty of the project manager is to foresee the scope of change if there is any.
If there were some additional cost and additional time for the completion of the project, then it means that it will delay the benefits of the project to others and hence attracts lower return of investments. Even though everything went according to the papers or the book, there is a lack of dedication on the project manager who believed and trusted the vendor too much.
b). A manager needs complete and clear information for an effective decision making. In any project, surprises gives a lesser amount of time and also less information related tot he project to resolve any issues that occurs at any time. It also disappoints the management that leads to spur of moment decision. So, 'Never surprise he Boss' makes a complete sentence.
c). The major factor why the project failed is the changed in the scope. The objectives are poorly cited and the timelines went overhead including the cost of the project. Too much trust of the project manager on the vendor also lead to the schedule and the quality issues.