Internal recruitment is when the business looks to fill the vacancy from within its existing workforce. External recruitment is when the business looks to fill the vacancy from any suitable applicant outside the business.
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A competitive firm is a price taker.
A perfectly competitive business must accept the equilibrium price at which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to charge even a small amount above the going rate.
Small businesses are typically price takers, while monopolies or large, well-established enterprises with copyrighted products are typically price makers. In the stock market, individual investors take prices. further reading.
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Answer:
Current Asset = $50,000
Explanation:
Current asset is the asset that can be converted to cash within a year or a short period.
Wicked Wicker Company
Current Assets
Cash $ 26,000
Accounts receivable 17,000
Prepaid insurance <u> 7,000</u>
Total current assets $50,000
Cash is the most liquid asset, so it is a current asset. Accounts receivable can also be collected within a year. So, it is also an existing asset. Insurance is taken for one year in advance; hence, it is a current asset.
The aggregate difference between the average total cost (ATC) and average variable cost (AVC) for all units of production is the total fixed cost.
Total fixed cost is the total amount of money a company must pay to keep its operations running, regardless of how many products it produces or sells. The total fixed cost remains constant regardless of production or lack thereof. Fixed costs are those that persist even when output is zero. Many of these expenses are referred to as overhead.
Total fixed costs are the sum of all a company's consistent, non-variable expenses. Assume a company pays $10,000 per month for office space, $5,000 per month for machinery, and $1,000 per month for utilities. In this case, the total fixed costs for the company would be $16,000.
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