Answer:
Ending inventory = 300 units
Explanation:
The formula for calculating ending inventory is given as follows:
Ending inventory = (Beginning inventory + units started into process) - (completed units)
Ending inventory = (1,600 + 10,000) - (11,300)
Ending inventory = 11,600 - 11,300
Ending inventory = 300 units
<em>Note, the percentages completed are distractor information</em>
Answer: The answer is True. Donna committed Multiple Reimbursement.
Explanation:
Multiple reimbursement is when an employee purchases a particular product or service and tenders different forms of payment receipts for the purpose of profiting from his/her employer/organization.
As in the question above, we can see that Donna Holbrook did not use the initial receipt from the credit card transaction. Instead, she tendered another receipt from the store for the same expense in her expense report. In this case, the cost for the office supplies had already been paid for by the company, but Donna reported a different receipt, hoping it would serve as proof that she in fact incurred the cost herself and therefore be reimbursed.
The company will therefore, be incurring the same cost twice.
Answer:
The correct answer is allocative efficiency.
Explanation:
A production possibility curve shows different bundles that can be produced using the given resources. A budget constraint shows the different bundles of two goods that a consumer can purchase using his limited income.
All the points on the production possibilities curve or budget constraint show all the bundles that are attainable and productively efficient.
Allocative efficiency represents the level of output where the marginal benefit earned from the last unit is equal to the marginal cost incurred.
The society as whole or a rational consumer will choose the point where it has allocative efficiency, or in other words, where the marginal benefit is equal to marginal cost.
Answer:
The answer is "b" - Customization
Explanation:
<u>Product Customization</u> is a process of delivering customized goods and services to the customers as per their needs and desire. Customers can either approach a merchant to make certain customizations in a product or personalize the products themselves, exactly the way they want.
It is also known as product personalisation. This is evident in the given situation, as Lilly Ann can customize the cage according to her own preferences.
<u>Standardization</u>
- Product standardization refers to the process of maintaining uniformity and consistency among the different iterations of a particular good or service that are available in different markets.
- It is a process of marketing a good or service without making any changes to it
- Standardization would be correct, if they brand offers the cage without any changes.
<u>Mass customization:</u>
- Mass customization is a marketing and manufacturing technique which combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
- Other names for mass customization include made-to-order or built-to-order.
<u>Mass production:</u>
- Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology.
- Mass production facilitates the efficient production of a large number of similar products.
<u>Modular design:</u>
- Modular design is a design approach that creates things out of independent parts with standard interfaces.
- This allows designs to be customized, upgraded, repaired and for parts to be reused.
Opening an interest-bearing account is a form of investment. Deciding on opening it means that you are a business minded person. A business person knows how to leverage their income. In leverage income, there are 2 sides: linear income and residue income. Linear income means you work to get paid while in residue income, your money works for you. There's nothing wrong with both sides except the time and effort exerted to get an income. Sacrifice is one of the important keys to have residual income even in linear but if the goal is to have a better future, then sacrifice is one big obstacle to overcome.