Your hazard lights to notify those around you.
Answer:
"The concentration ratio provides a measure of the extent to which an industry is dominated by a small number of firms.
Explanation:
Let us assume that there are 20 firms in the paper milling industry with a total sales of $40 billion per annum. From these 20 firms, 4 firms have annual sales totalling $25 billion. With these assumptions made, we can calculate the concentration ratio as the "Annual sales of the 4 firms divided by the Industry's annual sales, and then multiplied by 100." Our calculation produces a concentration ratio of 62.5%. This concentration ratio shows the dominance of these four firms in the paper milling industry. The remaining 16 firms control 37.5% (100% - 62.5%) of the annual sales in the industry. This examples explains what a concentration ratio is and how the calculation can be carried out.
Answer:
<u>low opportunity cost</u>
Explanation:
<u>Opportunity cost</u> is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.
<u>Low opportunity cost: </u>The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.
Answer:
The realized gain is 0
Explanation:
The fair market value of the truck that archie gives up is $15,000 and the new truck he gets has a fair market value of $20,000. Archie also gives $5,000 in cash plus his old truck in order to buy the new truck.
Gain= Fair market value of new truck -Fair market value of old truck - Cash paid
Gain = 20,000-15,000-5,000
Gain = 0
Answer: Control process
Explanation:
The control process of the management is one of the concept that helps in measuring, planning, organizing and also implementing the various types of functions in an organization.
The main objective of the control process in the management is that it helps in achieving the organizational goals and handle all the activities of the business such as production and the packaging process.
According to the given question, the control process of the management basically helps in monitoring the various types of performance of the products in an organization and also checking the errors for the purpose of resolving them.
Therefore, Control process is the correct answer.
