The difference between salaries and wages is that a salary is a fixed amount of money per pay period and a wage is money earned by the hour.
Answer:
Work Breakdown Structures
Explanation:
A Work Breakdown Structure is the process of breaking down the work into smaller, more manageable components. The elements at the lowest level of the Work Breakdown Structures are called tasks.
Furthermore, A work-breakdown structure in project management and systems engineering, <u>is a deliverable-oriented breakdown of a project into smaller components.</u> A work breakdown structure is a key project deliverable that <u>organizes the team's work into manageable sections.</u>
Hence, the estimate the number of work periods that will be required to complete a schedule activity, usually expressed as workdays or work weeks, will be in a work breakdown structure.
Answer:
Option "A" is the correct answer to the following statement.
Explanation:
in the market, some consumers vary in one way or more. they can vary in want, money, places, perceptions and purchasing habits. A marketing executive, therefore, needs to define his market positions and decisions.
Marketing Strategy helps him to create and find his market Position and help him to target the best spot in the market.
Answer:
3. Correctly ignored a sunk cost
Explanation:
Sunk costs refer to those costs which have been incurred in the past and which can no longer be recovered. For example, past expenditure on research and development with no current or future benefits represent sunk costs which can no longer be recovered.
Sunk costs are irrelevant for decision making process as they do not relate to current projects and yield no economic benefit.
In the given case, Manuel had already purchased a $10 movie ticket, which can neither be transferred nor eligible for a refund. Later when he does not exercise the option of going for the movie and opts for a concert instead, the amount of 10$ spent on the movie represents a sunk cost which is non recoverable.
Answer:
The correct option is <u>b. irrelevant cost</u>.
Explanation:
An irrelevant cost can be described as an expense that will not be affected by the decisions of thee management. Therefore, irrelevant costs are those that will not change if you choose one option over another in the future.
Therefore, the $4,000 of annual operating costs that are common to both the old and the new machine are an example of irrelevant cost. This is because the 4,000 of annual operating costs will not be affected or will still be incurred whether Jarett Motors managment decide to keep its existing car washing machine or purchase a new one.
Therefore, the correct option is <u>b. irrelevant cost</u>.
