Answer:
The correct answers are the following options: A regional sales manager's salary is a direct cost of the regional office in which the sales manager works - A direct cost can be easily and conveniently traced to a specific cost object.
Explanation:
On the one hand, the name of <em>"direct costs"</em> is refered to the ones that would be directly related to a cost object, therefore that these costs are easily recognizable to the person who manages the costs due to the fact that those will be the ones that are strictly referable to the object.
On the other hand, the <em>"indirect costs"</em> are the ones that have the characteristics of being the oppositive of the direct costs. Therefore that these type of costs are the ones that would not be easily referable to a cost object.
That statement is false
according to <span>IX Boston Consulting Group Model, a star will became a<em> cash cow</em> </span><span>if it still has the largest market share under this circumstances.
This means that the company still making enough cash for its employees and still enjoy a pretty high-profit margin.
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Answer:
Monte Carlo Simulation
Explanation:
Monte Carlo simulation refers to a methodology used in monetary, program management, expense, and other prediction frameworks to know the impact of financial risks. A Monte Carlo model allows one to see all or most of the possible results in order to get a better understanding of the probability of a judgment.
In other words, Monte Carlo approaches can also be used in theory to address any issue with a deterministic explanation. By using the law of large numbers, by getting the empirical average of individual variable tests, integrals represented by expected value of a certain independent variables can be estimated.
In my opinion, reliability and consistency are two of the most important leadership skills for a small business to succeed for a long time. With these two characteristics a small business can build a returning customer base as well as a good rating on review websites. For example, many local barbershops provide consistent quality haircuts which builds reliability and in turn demand and returning customers.
Answer:
The opportunity to grow under a famous brand and enjoy the advantages of a larger group of business owners
Explanation:
Opening a franchise is often considered a lower risk for an entrepreneur than setting up a new business because of "The opportunity to grow under a famous brand and enjoy the advantages of a larger group of business owners."
Other benefits to derived include:
1. There is operational support from the franchisor during the lifetime of the business arrangement, which may cover finances, training, accounting, etc.
2. The franchisee's management abilities can be enhanced without extra cost
3. Transactions established on proven and famous brands.
