Answer:
Normal spoilage rate = 1.6978% (Approx)
Explanation:
Given:
Total unit produce = 11,900 units
Normal spoil unit = 200 units
Abnormal spoil unit = 120 units
Total normal unit produce = 11,900 - 120 = 11,780
Computation of normal spoilage rate:
Normal spoilage rate = Normal spoil unit / Total normal unit produce
Normal spoilage rate = 200 / 11,780
Normal spoilage rate = 0.0169779287
Normal spoilage rate = 1.6978% (Approx)
Answer: Option D
Explanation: In simple words, price elasticity refers to the degree of change in demand of a commodity with respect to change in its price. It generally shows the fact that when the price of a commodity rises the demand for ti decreases due to various phenomenon coming into force such as income effect etc.
The price elasticity is calculated by dividing the change in quantity demanded with the change in price.
Answer:
b. Jim may have been misrepresented in the story by the newspaper agency and the company might face legal consequences.
Explanation:
Jim has the right to take legal action against the company for releasing the story. The investigation had not been completed and all facts had not been established by the company.
Also the newspaper did not contact Jim to get his own side of the story before publishing, that could have revealed pertinent information about the case.
Answer:
$55
Explanation:
Opportunity cost refers to the value of benefit forgone, in order to get the benefit of current option chosen.
Here, Cameron has a gift card worth $40 which he had to use,
Now he had two options:
Either to buy keyboard of $50
or
To buy speakers costing $55
He chooses to buy keyboard and the value of benefit forgone is value of speakers = $55.
Thus, opportunity cost = $55
Outsourcing is the common practice of many companies quality air is using, also defines as <span>using suppliers outside the company to provide goods and services. Outsourcing is a practice of quality air, a company that builds airplanes, typically other parts of airplanes from other companies.</span>
