Answer:
E. All of the above characterize a TPS employee.
Explanation:
The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS organizes manufacturing and logistics for the automobile manufacturer, including interaction with suppliers and customers
Answer:
$19
Explanation:
Data provided
Direct material = $18
Direct labor = $14
Variable overhead = $12
Offered price from outside supplier = $25
The calculation of Bonita Industries save is shown below:-
Total cost of production = Direct material + Direct labor + Variable overhead
= $18 + $14 + $12
= $44
Savings = Total cost of production - Offered price from outside supplier
= $44 - $25
= $19
When a domestic country is small relative to world markets,is a price taker and its consumption and production do not affect the world price,it can be studied using macroeconomic variables.
Given that a domestic country is small relative to world markets, is a price taker, and its consumption and production do not affect the world price.
We are required to give a way to study the effect of size of country on the world prices.
The prices depend on the size of the country. The country which is big in size can manipulate the prices by changing the supply of the goods whereas the country which is not much big cannot change the prices. The demand and supply of international prices are the macroeconomic variables.So to study the effect of size of country on the prices,we need to study these variables.
Hence when a domestic country is small relative to world markets,is a price taker and its consumption and production do not affect the world price,it can be studied using macroeconomic variables.
Learn more about macroeconomics at brainly.com/question/15430721
#SPJ4
The truth is that no business is the same and many
micro-businesses can get started for as little as $3,000 or less. These
businesses are often home-based sole proprietorships with low upfront
investments.
Answer:
Both increases
Explanation:
Suppose a person initially produces and sell some amount of milkshakes with the available resources.
But, if he will be able to produce and sell more quantity of milkshakes with the same level of resources then this will indicates that there is a rise in the productivity of this person and if the number of milkshakes sold increases then as a result profits increases at a same price level.
For Example:
Case 1:
Initially,
Person producing and selling = 20 units of milkshakes at a selling price of $10 each and cost of inputs used in the production = $50
Therefore, Profits = Total revenue - Total cost
= (20 units × $10 each) - $50
= $200 - $50
= $150
Case 2:
Now, we assumed that there is an increase in the productivity of this person. Cost of production and selling price of each milkshake remains the same.
Person producing and selling = 40 units of milkshakes at a selling price of $10 each and cost of inputs used in the production = $50
Therefore, Profits = Total revenue - Total cost
= (40 units × $10 each) - $50
= $400 - $50
= $350
Hence, there is an increase in the profits from $150 to $350.
