<u>Answer:</u> When a company employs a varied workforce of both men and women, people of many generations, and people from ethnically and racially different backgrounds, it is called workplace diversity.
<u>Explanation:</u>
Workplace diversity means when the organisation recruits employees from different backgrounds such as age, gender, ethnicity, religion, caste etc. By hiring people from different backgrounds the company has the benefits of hiring a pool of talented and skilled workers.
Creativity increases in the organisation for solving problems and different types of ideas can be brainstormed. The organisation can also understand the global market. Problems are solved quickly and it gives competitive advantage for the company in the market.
Answer:
Physical Flow units 12000
Equivalent Units Materials 11000
Equivalent units Conversion 15000
Explanation:
The Finishing Department
First-in, First-out (FIFO) Process Costing
Equivalent Units
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
Units Received 15000 100 100 15000 15000
+Ending WIP 2000 50 30 1000 600
<u>Less Beg. Inv 5000 100 30 5000 600</u>
<u>Total units 12000 11000 15000</u>
The units started and completed are transferred out units. The Beginning Work in Process is deducted to ensure first in first out. The units moved first in are transferred out first.
Answer:
Because of economies and diseconomies of scale.
Explanation:
Increasing returns to scale refers to the situation when a proportionate change in input leads to more than proportionate change in output. This may happen because of economies of scale.
Economies of scale are said to happen when the average cost of production decreases with the increase in the volume of output.
Decreasing returns to scale refers to the situation when a proportionate change in input leads to less than proportionate change in output. This may happen because of diseconomies of scale.
Diseconomies of scale occur when a firm experiences an increase in the average total cost as the volume of output increases.
Answer: Sharing information across the organisation
Explanation: In the given case, Mary grey is the owner of a retail store hence it is her duty to know all the goods that are offered by her store. However she did not knew the special goods when the customers asked for it.
This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.
Answer: Option A
Explanation: In simple words, it refers to the pricing strategy in which the firm initially charge a lower price of product to attract the customers and make a strong position in the market.
Hence it is effective only on those markets where the customer gives value to price more than the quality and assurance he is getting from the existing product.
Thus, from the above we can conclude that the correct option is A.
