Answer: Managerial Contingency leads to preparedness in the case of a disaster, emergency, or system failure while a task contingency is a task that is carried out in the event of failure of another task.
Explanation:
Managerial Contingency leads to preparedness in the case of a disaster, emergency, or system failure. Managerial contingency uses risk assessment and its aim is to identify threats and vulnerabilities and implement countermeasures to avoid an incident or curtail its impact in case it happens. Planning for disaster recovery and operational continuity and are vital components of managerial contingency.
For task contingency, it has to do with a task to be accomplished in the event of another task when the other task cannot be completed successfully. Every task has at most one, specific and unique contingency that is pre-planned. A task contingency then has its own contingency to be done in the event of failure.
Answer:
b. Dividing the firm's sales by the total market sales for the entire industry
Explanation:
The formula to compute the market share is shown below:
Market share = Firm sales revenue ÷ Overall market sales revenue
Let us take an example
The firm sales revenue is $100,000
And Overall market sales revenue $50,000
So, the market share would be
= $100,000 ÷ $50,000
= 2
Therefore, the most appropriate option is b.
The correct option is - 3 ( "Money spent last month repairing a damaged front fender" )
<u>Explanation:</u>
Sunk cost means the cost that has been already incurred in the past and cannot be recovered. This implies that sunk costs should be not be considered in future decision making of the project, because these are the cost that can not be changed with under taking the project or not. The significant aspect about this costs is that they shouldn't be allowed to influence subsequent decisions.
With the theatre ticket example, there's an opportunity to leave the theatre at the intermission and spend the rest of your evening doing something else more enjoyable. If you don't like the play then you might decide to leave, but the sunk cost of the ticket shouldn't influence your decision to stay or leave.
Work In Process Inventory 66,000
Manufacturing Overhead 9,000
Raw Materials Inventory 75,000
Hope this helps :)
Answer:
True
Explanation:
Customer relationship management always tries to reach out the potential customers so that they can increase their sales by knowing customer's interests. Organization always implement what they have planned and try to find out the most profitable customers.
Organization always help the customer by knowing their necessity and improve their quality and productivity for the benefit of their organization.
