Answer: Given these two changes, we can predict the price of real estate will <u>FALL</u> and the quantity of real estate bought and sold will <u>fall if the demand decrease is larger than the supply increase.</u>
The correct answer is "a) fall; fall if the demand decrease is larger than the supply increase".
Explanation: A decrease in the income of local households indisputably causes households to consume less, that is, a decrease in demand, when the construction of a subdivision of houses is completed, there is an increase in the supply of real estate, to know if the amount of real estate purchased and sold will be greater or lesser, we must know how much the demand decreased and how much the supply increased, since if the demand decrease is larger than the supply increase the amount will be smaller, and if the supply increase is greater than the decrease of the demand the amount will be greater.
Answer:
B. always increases, may increase or decrease
Explanation:
Each worker being added is going to complete some job or assemble some units hence the design capacity after addition of worker will always be greater than the design capacity before addition. But utilization = actual output * 100 / theoretical design capacity.
Hence, if actual output after addition of worker increases more in proportion than that of proportional increase in number of worker, then the utilization of workstation will increase else it is likely to decrease. If both proportion are equal then the utilization is likely to remain same.
Answer:
a. $16,500
Explanation:
The computation of the total amount of fixed manufacturing cost is shown below;
= Number of units sold & produced × fixed manufacturing overhead per unit
= 5,000 units × $3.30
= $16,500
Hence, the correct option is a.
Answer:
supplier development.
Explanation:
A degree of aggressive procurement involvement not normally encountered in supplier selection refers to supplier development.
Supplier development is a business strategy and it involves the process of working one-to-one basis or closely with certain suppliers in order to improve and boost their performance for the benefit of growing and developing an organization.
It is a concept that is also similar to reverse marketing in business management. It is a strategic business plan which is aimed at improving the quality and performance of suppliers by availing them resources they need to achieve success and have competitive advantage in the supply chain.
For instance, a buying organization might decide to implore suppliers to enter an emerging market.
Also, another example of the supplier development is, in order to prevent the wide-spread of Corona virus, CDC is ensuring its suppliers of ppe (personal protective equipment) are continuously supplying face masks.
Answer:
Product Implied Warranty
According to the Uniform Commercial Code, a product warranty guarantees that a product will work when used for its intended purposes. There are two key types of implied warranties: merchantability and fitness. The implied warranty of merchantability states that a product will meet reasonable expectations of the buyer. The implied warranty of fitness means that the product will meet the buyer's intended use.
Based on the above, we can conclude that the implied warranty of merchantability actually exists for the hair dryer. However, Patrick clearly violated it in this situation through the accident of dropping it in water.
Having thus violated the warranty, he cannot reasonably recover any damages from the company.
Explanation:
a) Facts of the case:
1. Every hair dryer is properly labeled and contains safety precautions against misuse.
2. The SF9000 hair dryer that Patrick purchased functioned properly for a month.
3. Patrick accidentally drops the hair dryer in water, causing him an electric shock.
4. Patrick sues for breach of the implied warranty of merchantability.