Answer:
Budgeted Income Statement in the Master Budget
Explanation:
The Master Budget provides a summary of all the operations of the business. It is made up of Budgeted Manufacturing Account, Budgeted Income Statement and Budgeted Financial Position.
Where the selling price it to be determined, the price giving the desired profits can be calculated by adjusting the sales to the desired profits in the Budgeted Income Statement.
Answer:
a. must be aware of the firm's overall business and corporate strategies and the supply chain in which it participates.
Explanation:
A logistics/supply chain network transformation team should not only be knowledgeable about the specifics of the supply chain of the firm, but also about the firm's overal business strategy, in order to devise its own logistics/supply chain network transormation strategy, that is coherent with the general corporate strategy, and that improves upon it at the same time.
Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
Answer: It concerns international trade.
Explanation:
A nation's production possibilities curve shows the set of goods produced in a given economy and the trade off in production in an environment of resource scarcity. Thus, to produce a particular good, the curve shows that countries must stop producing one good to produce another good. In this case, it would take 10,000 pizzas to produce 1 robot. However, through specialization, countries can specialize in producing goods in which they are most productive and, with international trade, exchange them. This theory is called the theory of absolute advantages, where each country specializes in what is most productive and, through international trade, exchanges, decreasing the opportunity cost of obtaining goods and increasing the possible combinations in the production possibilities curve. . In the example described, if the robot were produced in another country, it would only have to exchange 9,000 pizzas for 1 robot.
