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3 years ago

1.

2 answers:

8 0

1. With the rise in the cost of machinery or raw materials, the good becomes more expensive to produce. So the correct option for this question is option “c”. The cost of machinery and raw materials are directly proportional to the increase in cost of any goods. 
2. The introduction or advent of new technology lowers cost and increases supply. So for this question the correct option is “b”. New technology always helps to increase the production with lowering of cost and that is the reason behind adopting new technology.

Leviafan [203]3 years ago

8 0

Answer:

b) It lowers cost and increases supply.

Explanation:

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Which of the following statements regarding "Six Sigma" is TRUE? The Six Sigma program was developed by Toyota in the 1970s Six

mestny [16]

Answer:

The term has two distinct meanings–one is statistical; the other is a comprehensive quality system.

Explanation:

Here, the point fact states that it will take a six standard deviation from the mean for an error to happen.

Six Sigma evolved to define numerous ideas within the business sphere and is sometimes confusing. Firstly, it's a statistical benchmark. Any business process, which produces less than 3.4 defects per 1 million chances is said to be efficient. A defect is anything produced outside of consumer satisfaction. Second, it is a training and certification program, which teaches the core principles of Six Sigma. Practitioners may achieve the Six Sigma certification belt levels, ranging from white belt to black belt. Finally, it's a philosophy, which promotes the idea that all business processes can be measured and optimized.

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3 years ago

ABC Ltd. uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consum

viktelen [127]

Answer:

The Total Cost of Inventory is $4,024,000

Explanation:

The computation of the total cost is shown below:

= Purchase cost + ordering cost + carrying cost

where,

Purchase cost = Annual consumption × Cost per unit\

= 80,000 × $50

= $4,000,000

Ordering cost = (Annual demand ÷ EOQ) × Cost to place one order

= (80,000 ÷ 8,000) × $1,200

= $12,000

Carrying cost = (EOQ ÷ 2) × carrying cost percentage × Cost per unit

= (8,000 ÷ 2) × 6% × $50

= $12,000

Now put these values to the above formula

So, the value would equal to

= $4,000,000 + $12,000 + $12,000

= $4,024,000

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3 years ago

Costs that can be easily and conveniently traced to a specific product are called ______ costs.

vaieri [72.5K]

Answer:

A direct cost

Explanation:

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2 years ago

HELP PLEASE !!

Lapatulllka [165]

The answer is going to be B

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3 years ago

Christin, the CEO of a national IT manufacturer, was approached by Ultimate Phones, a new company that is marketing a new type o

Monica [59]

Answer:

The correct option is B, bounded rationality

Explanation:

An ethical dilemma occurs when there is a conflict between one's interest and the interest of the organization leaving one with making choices between serving in the interest one the company or feathering one's nest.

Groupthink implies giving credence to the decision of a group over individual's thinking and creativity.

Bounded rationality is theme that was introduced by Herbert Simon which refers to the fact that making a rational decision is sometimes limited to the information at one's disposal as well as one's mental prowess.

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3 years ago

Read 2 more answers