Answer:
A) is the most visible part of the firm.
Explanation:
The importance of service employees is that they are the ones that actually deal with the company's customers. If service employees don't deal properly with the clients, then no matter how good the company's products are, the customers will not be satisfied or happy.
For example, if the waiter in a restaurant is rude with the customers, the whole dining experience will be ruined and the customers will consider the restaurant's service as bad even if the food served was great.
Answer:
A
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business.
They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Answer:
D. 1168 planes/year
Explanation: Flow rate is a term used to describe the amount of a material or a particle or an equipment or a machine that enters into a given place or system in a given period of time.
The average flow rate per year of the planes into the maintenance facility is calculated as follows
Number of planes requiring 2times yearly maintenance is 40% which
is equal to (40÷100)*365planes=146planes.
The number of planes requiring 4times routine maintenance is equal to 60% which is equal to (60÷100)*365planes=219planes.
THE FLOW RATE FOR THOSE REQUIRING TWO TIMES ROUTINE MAINTENANCE WILL BE 146PLANES*2=292 FLOW RATE.
THE FLOW RATE FOR THOSE REQUIRING FOUR TIMES ROUTINE MAINTENANCE WILL BE 219PLANES*4=876PLANES
TOTAL AVERAGE FLOW RATE PER YEAR WILL BE EQUAL TO 292PLANES + 876PLANES=1168PLANES PER YEAR.
The critical path, which is only the most essential components to an operation.
Answer:
Liabilities
Explanation:
Unearned revenues are written as liabilities in the balance sheet of a firm. They are regarded as liabilities because the revenue is still unearned. An example is advance rent payment.
It is a prepayment for a good or service that has not been rendered to the customer yet by the provider. The provider or seller now has a liability equal to the revenue they have received till they provide that service for which they were paid