Answer:
Project Management Office is the correct answer.
Explanation:
Project Management Office is a department that focuses on and maintains the quality and overview of project management throughout the organization.
The objective of the Project Management Office is to give a platform that supports all the project teams to achieve and improve the chances of successful outcomes.
Answer:
Firm should be shut down in short run
Explanation:
We have given price of output = $15
Total economic cost = $650000
Total number of units for maximizing profit level = 40000
So average economic cost
As the average economic cost is greater than price of the output
So firm should be shut down in short run
Answer will be firm should be shut down in short run
<u>At a price of $20 each, the demand for t-shirts from a group's fundraising activity is unit elastic. thus, the group's total </u><u>revenue </u><u>from selling t-shirts </u><u>reaches its maximum</u><u> at a price of</u><u> $20 each.</u>
What is revenue in a business?
- Revenue is the overall profit an organization makes from its primary activities, such as the sale of goods or services, the rental of real estate, recurring payments, the interest on loans, etc.
- Before deducting any costs, such as discounts and returns, revenue calculations are performed.
What is the difference between revenue and profit?
- Sales are simply referred to as "revenue," which does not include any costs or expenses related to running the business.
- Profit is the amount of income that is left over after all expenses, liabilities, additional sources of income, and operating costs have been taken into account.
Is revenue a income?
- The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue.
- Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
Learn more about Revenue
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