Answer:
Traditional volume-based job costing will not usually provide the needed cost accuracy.
Explanation:
Cost leadership strategy basically means that the company will try to sell its products and services at the lowest possible price. This should increase total sales volume, but in order to be profitable, the production and operational costs must be very low. Actually, the company needs to continuously find ways to keep their costs under control or decrease them if possible.
Answer:B. Instead of requesting Oak and Beach wood grown specifically on Hardwood's Land Taylor request shipment of Oak and Beach wood from Hardwood, and specifies in the contract that if Hardwood cannot supply the wood then Hardwood should obtain the requested wood from another Lumber supplier.
C. After the Tornadoes Hardwood and Taylor agreed to a novation where a competing company, Oakempire assumes the duty of Hardwood stated in the original contract.
Explanation:
As regards B option of the answer, Taylor having put a clause in the contract requesting Hardwood to seek supply from another Lumber supplier if unable to meet the demand will make the contract binding on Hardwood
The entry into a novation with Oakempire after the Tornadoes makes the contract binding on Oakempire to deliver as stated in the contract for he has legally assumed the position of Hardwood.
The A and C options of the answer are still cases of contract frustration i.e the loss is beyond the control of the contracting parties , it's an act of God and insurer does not cover such. The first frustration is from new legislation and second is by natural disaster.
Machinery that has unguarded moving parts or that is not locked out during maintenance
Unprotected excavations and trenches
Heavy equipment that tips over
Collapsing walls during demolition
Working between moving materials and immovable structures, vehicles, or equipment
Answer:
Explanation:
Student has X amount of $1 bills and Y amount of $5 bills. At the same time, it is equal to $44 and 16 in terms of quantity. We can make an equation:
$1*X + $5*Y= $44 AND X+Y=16 ⇒ X=16-Y
16-Y+5Y=44
16+4Y=44
4Y=28
Y=7
X=16-Y=16-7=9
So, 9 bills of $1 and 7 bills of $5
Answer: The type of organizational structure that this most closely resembles is the<em><u> Matrix</u></em> structure.
Explanation:
When a group of people in business are put into formal groups based on their diverse occupational specialties it is a <u><em>matrix structure</em></u>. The groups that are put together based on similar service, products, clients, customers, and the regions that they are from.
The relationships that each person has are usually set up on a reporting grid. They use the grid which is different than a traditional reporting hierarchy. Each manager has a dual reporting relationship with each other. They can work as a regular functional manager and also a product manager.