<span>Business schools generally train students to follow rational decision-making models.
These types of schools want their students to implement the knowledge they got from their studies into their everyday working lives in the future where they will have to be rational when making certain decisions in the workplace. </span>
A written document prepared by an entrepreneur that describes all the relevant external and internal elements involved in starting a new venture is known as a(n) business plan.
in the field of business, an idea or strategy that you formulate in order to set up a business is referred to as a business plan.
Based on these ideas, a written document is made in which all the ideas and strategies for the business are expressed.
A business plan describes all the factors and elements that will be required in the new business.
A business plan makes it easier to execute the plans made for a business or a new venture.
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Answer:
Production department $440,000
Sales department $143,000
Explanation:
The allocation of the total cost to the operating departments is proportional to the number of employees. In other words, as the number of employees increases, so does the allocated cost and vice versa.
Hence,
Cost allocated to the production department
= 40/(40 + 13) × $583,000
= 40/53 × $583,000
= $440,000
Cost allocated to the sales department
= 13/(40 + 13) × $583,000
= 13/53 × $583,000
= $143,000