Answer:
In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "
Explanation:
Answer: Economies of scale pertain to the long run only.
Explanation:
Economies of Scale is a long run phenomenon and is defined as the cost advantage that a firm experiences as a result of an increase in its output. The benefit arises as a result of the inverse relationship between quantity produced and per-unit fixed cost. The higher the quantity of output that are produced, the lower the per-unit fixed cost.
Economies of scale leads a fall in the average variable costs with an increase in the level of output. This is as a result of synergies and operational efficiencies which comes into place due to the increase in the scale of production. Economies of scale is a vital concept as it shows the competitive advantages big firms have over the small firms.
I feel like this is a trick question because it would not be that simple of a decision but if those were the only two things to consider then I guess it would be true. But in real life you would have to worry about employment costs, advertisement of the new store, who will manage each store when you are at the other store, etc. There would be so many more things going into that decision than just 450,000-400,000=50,000. But I would go with true.
Hope that helps.
Answer:
See Below
Explanation:
Below are a few reasons why a business might consider hiring a trained HR officer
It is recommended to hire a Human resource specialist once a company has 50 employees and above. When a business has over 50 employees, it needs someone trained to manage their welfare and other human resources issues.
When a company is growing or expanding rapidly, it requires to employ more people. No matter the size of a business, when a business is hiring people frequently, it needs an HR officer to coordinate the recruitment process.
If a manager spends over 3 hours a day handling employee issues, then it's time to employ a trained HR officer. This gives the manager time to focus on their core mandate. A dedicated specialist will be best suited to address employee issues, which is beneficial to both the company and the employees.
Answer:
inbound logistics.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
In this scenario, Dave creates and sells DVDs of his magic tricks.
Lately, Dave has been having some trouble getting his DVDs produced in a timely manner. Thus, of the five (5) primary activities in the value chain, this problem of not producing goods (DVDs) as at when needed by the viewers (end users) is most likely to occur in inbound logistics.
An inbound logistics can be defined as a supply process which relates with receiving, storing or warehousing of raw materials and the distribution of inventory internally.
