Answer:
D) total costs to increase by more than double when output doubles.
Explanation:
Decreasing returns to scale refers to a situation where you can double your inputs but your total production output will be less than double. The output will increase in a smaller proportion than the inputs.
In this scenario, the more units you produce, the greater the cost per unit of production.
Answer: A. Analytical
Explanation:Analytical skills is required in answering the question
This is known as a service agreement. A service agreement is used by companies who want to have a transaction with service providers in order to avail of their services. This is to ensure that both of the parties involved agree on each other terms and that there will be no confusion or conflict.
Answer:
<u>Establish project priorities</u>
Explanation:
<em>Remember</em>, we are told the project professional has been assigned to manage a project, therefore going by the guiding steps when defining a project, the next and second step he should take is to establish project priorities.
In other words, he should draft out what tasks should be done first, those for later, and so forth in other to successfully achieve/finish the project's objective.
Answer:
Predetermined overhead rate
Explanation:
The predetermined overhead rate is the rate that is computed by taking the estimated manufacturing overhead and the same would be divided by allocation factor that could be estimated direct labor, estimated direct hours, etc in order to assign the overhead cost
So according to the given situation, the first option is correct i.e. predetermined overhead rate
