1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna35 [415]
3 years ago
12

Esther is ninety years old, but she still shops for her own groceries every morning. When Esther was younger, she would head to

Main Street and stop at the butcher shop for meat, the bakery for bread, and the farmer s market for fruits and vegetables. Now, she goes to a supermarket, where she can shop for all of those items under one roof and spend much less time buying food for the day. The convenience that Esther enjoys is called _____.
Business
1 answer:
Anettt [7]3 years ago
6 0

Answer:

Esther is ninety years old, but she still shops for her own groceries every morning. When Esther was younger, she would head to Main Street and stop at the butcher shop for meat, the bakery for bread, and the farmer s market for fruits and vegetables. Now, she goes to a supermarket, where she can shop for all of those items under one roof and spend much less time buying food for the day. The convenience that Esther enjoys is called <u>contact efficiency.</u>

Explanation:

In the business world, contact efficiency is a strategy used by businessmen to provide flexibility to their customers.

Under this strategy, the numbers of stores are reduced and all the main goods kept and sold under one roof to provide better service to the customers. This strategy makes more money and also saves time and energy of the customers.

In the question, Esther is shopping for all her needs from a single supermarket which makes it more reliable for her, hence depicting a perfect example of contact efficiency.

You might be interested in
The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going t
OleMash [197]

Answer:

B. Conflict between professionalism and commercialism

Explanation:

The conflict between professionalism and commercialism speaks to the debate on satisfying the management of an organisation as an auditor in order to meet economic situations and the need to be professionally independent of management in order to make a true and fair statement of the state of the organisation available to the shareholders as well as potential investors and the general public.

Because the management of an organisation runs the day to day affairs of that organisation, the Auditor in performing his duty interacts more with management and as such, the security of his future engagements may depend on favourable opinions of the management. This is commercialism

However, professionalism dictates that ethically, irrespective of the position of the management of an organisation, an auditor should always report the true and fair state of the business.

This represents the conflict expressed by Lynn Turner.

4 0
3 years ago
A stock has a beta of 1.2. Suppose the expected market risk premium (EMRP) is 6% and the risk-free rate is 1%. What is this stoc
nordsb [41]

Answer:

7%

CAPM = 1% + [6% - 1%](1.2) = 1% + 6% = 7%

6 0
3 years ago
Requirement 1. Calculate the​ sales-volume variance and​ flexible-budget variance for operating income. Begin with the actual​ r
a_sh-v [17]

Answer:

Flexible budget variance is the difference of the actual results and the flexible budget results.

Actual Sales volume is usually lower than expected . So static budget is prepared to find the differences at lower levels of sales so that the sales prices could be adjusted using variances.

Explanation:

Actual Results                 Flexible-Budget       Flexible Variance

                                                                                    Budget

Output units 5,700                 5,700                              0

Revenues $ 3,990,000       $ 3,876,000             114,000 F

Direct materials $ 783,000   $ 775,200               7,800 U

Direct Mfg labor 590,400     598,500                 8,100 F

Fixed costs 1,190,000          1,600,000               410,000 F

Total costs $ 2,563,400        $ 2,973,700           410,300 F

Operating

Income        $ 1,426,600        $ 902,300            524,300 F

First we compare the actual and the flexible budget as given in the question and write down the variances . Then we compare the flexible budget for which level of output production is 5700 and static budget for which we have taken the output level of production 5500 units . The fixed costs remain constant and variances can be calculated for each change in variable for the 5500 output units of production.                                  

                                   

                Flexible-Budget            Sales-Volume          Static Budget

                                                            Variance                      

Output units                 5,700                                          5500

Revenues           $ 3,876,000             136,000 Fav     3740,000

Direct materials    $ 775,200              27,200 Un          748,000

Direct Mfg labor      598,500               21000 Un           577,500

Fixed costs          1,600,000                    ----               1,600,000      

Total costs         $ 2,973,700                48,200 Un         2925,500

Operating

Income               $ 902,300                   87,800 Fav     $ 814,500

7 0
3 years ago
Generally speaking, as the aggregate price level rises, aggregate demand falls, resulting in
Sonbull [250]
Generally speaking, as the aggregate price level rises, aggregate demand falls, resulting in an increase in aggregate supply

When the price rises, the sellers will gain more from the sale of their products. There fore , the average aggregrate supply in the market will be increased by them
8 0
3 years ago
A homebuilder negotiates a deal with a farmer to give the farmer a percentage of the profit on homes the homebuilder builds and
Elodia [21]

Answer:

C. Yes, because the farmer is making a percentage of the profit

Explanation:

If the farmer is being used as sales man and is making a 50% profit on the home he sells, then this means he is an employee and to do his job the right way he needs to have a real estate licence for that.

Hope this Helps.

Goodluck.

4 0
4 years ago
Read 2 more answers
Other questions:
  • Berne, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per
    12·1 answer
  • Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected to be $125,000 in year one and inc
    14·1 answer
  • Which of the following is true? Multiple Choice
    9·1 answer
  • Individual decision making is a good approach when:
    15·1 answer
  • The law of comparative advantage explains why a nation will benefit from trade when
    6·1 answer
  • Nothing can stay the same
    13·2 answers
  • A co-worker who has to leave work early to deal with a personal matter asks that you complete some time-sensitive paperwork and
    12·1 answer
  • If we are covering labor and overhead costs of an item in a Managerial Accounting course, we are referring to which concepts?
    10·1 answer
  • For the backpack buyer, note the importance of each of the five main characteristics under PREFERENCES and consider each in term
    10·1 answer
  • What would be the price of a perpetuity bond that has a $100 interest payment and a 4% yield?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!