Examples of pure service businesses include airlines, banks, computer service bureaus, law firms, plumbing repair companies, motion picture theaters, and management consulting firms.
A consulting firm, or simply a consultancy, is a business that offers specialized labor and knowledge for hire while utilizing consultants. A consulting firm may employ one person or thousands, and it may provide advice in a variety of fields, including management, engineering, and other fields.
Consulting services refers to the delivery of knowledge or strategic counsel that is made available for consideration and judgment. An individual or organization that contracts to offer services other than consulting services to another person or firm is known as a non-consulting service provider.
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Answer:
a)What
b)How
Explanation:
Analysis is about modeling what the system should do. Design is about modeling how that behavior may be implemented.
Analysis ask the question what so that it will be easier to break down what we want to do into various unit in order to have good conclusion. It should be noted that an analysis could be statistical in nature which is very common among various types of analysis.
Design on the other hand, is about modeling how that behavior may be implemented. This is very crucial because it will be easier to gather plan, or the look of the product that the design will produced at the end of the design.
Answer:
Present value of Note = $102,087
Explanation:
Non interest bearing note is not required the borrower to pay interest on the loan. So,
Present value of Note on carter's record:
Future Value = Present value x ( 1 + rate of interest )^tenure of Note
FV = PV x (1+r)^n
$150,000 = PV x ( 1 + 8% )^5
$150,000 = PV x ( 1 + 0.08 )^5
$150,000 = PV x ( 1.08 )^5
$150,000 = PV x 1.4693281
PV = $150,000 / 1.4693281
Present Value = $102,087.48
Answer:
The correct answer is: direct costs.
Explanation:
The direct costs are the costs that can be easily traced to the goods or services or projects. It includes material and labor cost and distribution cost incurred in the production of a product.
It is contrasted to indirect costs which cannot be traced to a product and is not directly linked to a product.
The sunk costs are cost which has already been incurred are no longer relevant for economic decisions.
Fixed costs are the costs that do not vary with the change in the volume of product.
So, the direct cost is the correct answer.