Answer:
A. Identifying and defining the problem
Explanation: Before taking any action in a production environment one must be able to identify and define the problem.
Problem identification and defining is first approach to solving problems as it gives a clear picture of what and how the problem is,when it started and the possible threats it pose to the business entity.
When a manager wants to address a problem, he should first identify the problem,carry out steps that will help him or her to define what the problem is,through this he or she can be able to develop possible solutions.
Answer:
The correct answer is: her marginal benefit per dollar for bagels will decrease, and her marginal benefit per dollar for cream cheese will increase.
Explanation:
Anne has $20 to spend on two goods bagels and cream cheese.
The marginal benefit per dollar for bagels is $6.
The marginal benefit per dollar for cream cheese is $10.
If she decides to buy more bagels and less cream cheese, the marginal benefit per dollar for bagels will decrease and marginal benefit per dollar for cream cheese will increase.
The marginal benefit per dollar for a commodity is the ratio of marginal utility derived from consuming the last unit of the commodity upon price of the commodity.
As more and more quantity of a commodity is consumed the marginal benefit per dollar for it will go on declining. This is because the marginal utility derived from each additional unit will go on declining while price will remain the same. The less the commodity is consumed, the marginal benefit per dollar for it will increase.
Answer:
3 years
Explanation:
The payback period measures how long it takes for the amount invested in a project to be recovered from the projects cash flows .
Number of years = Investment / cash flows
$6000 / $2000 = 3 years
I hope my answer helps you
Answer:
The correct answer is letter "B": increase the level of interest among consumers.
Explanation:
After consumers realized a new product has been introduced into the market, marketing executives must find out the way to keep those customers interested in the product. Thus, they will become regular consumers of the good or service offered which implies the company would have a stable income to keep the business going.
Answer:
The correct answer is B: $5,600
Explanation:
Giving the following information:
Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.
Double-declining balance method= Netbook value* (2/useful life in years)
Year 1:
Double-declining balance method= (40000-5000)*(2/10)= $7000
Year 2:
Double-declining balance method= (35000-7000)*0.20= $5,600
