Answer:
The correct answer is option D.
Explanation:
Technological change refers to an improvement in the efficiency of a product such that the output level increases without an increase in input.
Here, the rearranging of layout and training of workers is technological change as they are likely to increase production without an increase in inputs.
Damages caused by a hurricane will reduce the output level, so it will not be classified as a technological change.
<h2>The company is expressing its key corporate value with a slogan. (Option A)</h2>
Explanation:
The slogan is self explanatory that ladies and gentlemen taking care of ladies and gentlemen.
About the slogan:
- So it adds values both to employees as well as the customer.
- Slogan is more of customer-friendly
- The slogan is always the right aspect to express the motto, culture of the organization and hotel chain Ritz-Carlton has smartly framed it.
Justification about the other options:
- If the slogan is adding value to the employees alone, then it means that company is valuing the customer who is the king for business.
- Even the last option stands invalid because, the focus of customer is lost, it feels like self-appraising the company itself.
Product differentiation.
Dollar shave club is distinguishing their products as unique in the shaving market because they are convenient and affordable.
Answer:
The correct answer is b. Grit.
Explanation:
On many occasions, the main enemies of our dreams inhabit ourselves: conformism, apathy, disappointment and resignation. Many dreams lack planning, money, time and personal conviction about one's own abilities. All this goes against the entrepreneurial mindset.
Answer:
$38,750 Favorable
Explanation:
Fixed overhead absorption rate:
= Fixed Overhead Costs for March (static budget) ÷ Production(static budget)
= $387,500 ÷ 31,000
= 12.5 per unit
Fixed overhead production−volume variance:
= Amount actually applied - Amount budgeted
= (12.5 × 34,100) - $387,500
= $426,250 - $387,500
= $38,750 Favorable
