Answer:
Market
Explanation:
Producer surplus is the difference between the market price and the minimum price at which a producer would be willing to sell a particular quantity.
Producer surplus is known to be the total amount that a producer benefits or gains from producing and selling a quantity of a good at the market price. The total revenue that a producer receives from selling their goods minus the total cost of production equals the producer surplus.
Answer and explanation:
Labor is one of the main factors that can drive a company to success or failure. When deciding where to locate production the labor-related factors to take into account are labor skills (<em>employees' knowledge</em>), labor costs and productivity (<em>wages and how their levels can affect employees' performance</em>), and labor laws (<em>employees' benefits according to where they work</em>).
Answer:
True
Explanation:
Fraud risk can be regarded as the
possibility of a firm been a prey of any fraudulent activity, it could be altering of financial records or extortion even stealing from the company, fraud can bring down a grown organization if not tackled. It should be noted that The presence of fraud risk factors increases the likelihood of fraud and may suggest that fraud is being perpetrated.
The answer is the Supplier Relationship Management.
Supplier relationship management (SRM is a methodical way to analyzing suppliers that supply an organization with goods, materials, and services, establishing each supplier's contribution to success, and devising plans to enhance their performance.
The SRM discipline aids in determining the value that each supplier delivers and which ones are most important to company continuity and performance. It also helps managers to establish stronger connections with suppliers depending on the significance of each source.
Therefore, the answer is supplier relationship management.
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Answer:
Price index = 125
Explanation:
Given:
Last year paid $24 for a round of golf and $12 to rent a golf cart.
This year it cost you $30 to golf and $15 to rent a cart.
Question asked:
Based on this simple basket of goods, calculate a price index for this year using last year as the base year.
Solution:
Total cost of last year = For a round of golf + Rent of a golf cart
= $24 + $12 = $36
Total cost of this year = $30 + $15 = $45
Now, we will find price index for this year by using last year as the base year.
<u>As we know:</u>
Thus, price index for this year using last year as the base year is 125
