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3 years ago

Complete each statement below.

Business

1 answer:

icang [17]3 years ago

4 0

Answer:

1. More elastic

2. Less elastic

3. Less elastic

Explanation:

Elastic is the term in economies which is defined as the product which is to be considered to be elastic when the quantity of the product demanded changes or varies drastically, when the price of the product decreases or increases.

So, the supply of the dried blueberries will be more elastic rather than the fresh blueberries as the customer prefer to have dried berries.

Supply of the automobiles like Porsche, will be less elastic rather than the baseball caps, as the automobile is very expensive as well as luxurious so, every person cannot afford.

The supply of the beef at present will be less elastic rather than the beef in the year as the beef supply would not be that much in a day, which it should be in a year.

A product is considered to be elastic if the quantity demand of the product changes drastically when its price increases or decreases.

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Kalamazoo Corporation's cost formula for its manufacturing overhead is $45,700 per month plus $53 per machine-hour. For the mont

Elina [12.6K]

Answer:

$371,650

Explanation:

Use the costs formula provided to find the flexed manufacturing overhead cost for March.

A flexed budget amount is a budgeted amount adjusted to actual level of activities as follows.

Actual Activity is given as 6,150 machine-hours

Manufacturing overhead cost = $45,700 + $53 x 6,150 machine-hours

= $371,650

Therefore,

The manufacturing overhead in the flexible budget for March would be closest $371,650

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3 years ago

Government inputs, especially the 1825 Erie Canal and subsequent projects like the Chesapeake and Ohio Canal, created an economi

QveST [7]

Answer:

The statement that “Government inputs, especially the 1825 Erie Canal and subsequent projects like the Chesapeake and Ohio Canal, created an economic advantage for the Northern states because the expense and time of moving freight dropped radically,” is True.

Explanation:

This is on the grounds that tax collection doesn't devastate the economy. Actually, they give income to the administration through which the legislature can back its improvement and government assistance ventures. In addition, burdens additionally fill in as an arrangement of salary re-conveyance for accomplishing higher fairness in an economy. What's more, in antiquated occasions refrigeration was finished utilizing ice-houses and so on.

5 0

4 years ago

Dr. Lum teaches part-time at two different community colleges, Hilltop College and Serra College. Dr. Lum can teach up to 5 clas

Scrat [10]

Answer:

2 classes at Hilltop, 3 classes at Serra; and $20,600

Explanation:

We can generate two equations from the problem

Equation 1: Dr. Lum can teach up to 5 classes per semester at both colleges. If 'h' represents the number of classes taken at Hilltop College, and 's', the number of classes taken at Serra College,

Equation 1 becomes: h + s = 5

Equation 2: Dr. Lum spends 3 hours per week preparing for Hilltop classes, and 4 hours for Serra classes, subject to a maximum of 18 hours per week.

Equation 2 becomes: 3h + 4s = 18

Now solving using substitution method,

We can derive an equation 3 from equation 1, as follows.

Equation 3: h = 5 - s.

Substituting equation 3 into equation 2, equation 2 becomes

3(5 - s) + 4s = 18

= 15 - 3s + 4s = 18

= 15 + s = 18

= s = 3.

With s = 3, using equation 3, h = 5 - 3 = 2.

Therefore, Dr. Lum should teach 2 classes at Hilltop, and 3 classes at Serra.

His income will be

$4,000 (2) + $4,200 (3)

= $20,600.

3 0

3 years ago

As the Board of Governors of the American Red Cross considers planning, one option is to make strategic plans and then direct ma

frutty [35]

Answer:

The answers are:

When managers come up with their own plans, they are likely to be more committed to following through on them.
The environment is a dynamic one, and department and front line managers can come up with more responsive plans than can central leadership.

Explanation:

Personally I consider a very good idea if the Board of Governors decides to hire planning specialists to help regional or local managers develop their own plans. There are several advantages with this approach:

Regional managers know their "markets" and how to act and deal with them. I guess most of the Board of Governors is made up of wealthy or very important members, and many times their reality is very different than that of normal regular people.

Also, if regional managers can come up with their own plans, they will be extremely motivated to follow them through. They know that if something goes wrong, all the fingers will blame them.

5 0

4 years ago

There are vast differences in local market needs in the consumer soft drink business around the world. TwinFold Media, a Canadia

nordsb [41]

Answer: c. it tends to reduce cultural myopia and enhance local responsiveness.

Explanation:

A Geocentric staffing approach means that a company picks those that it views as the most suitable for a job regardless of the country they are from. This means that although the company is in Canada, they can hire a person from Sudan if they feel the person is suitable for the job in question.

The main advantage of this is that it reduces cultural myopia which is the tendency to belief that a person's culture i.e western culture, works across the globe. For instance, going back to the earlier example, a person from Sudan would most likely know more about norms in Sudan than a person from Canada.

This would ensure that the people hired, can respond effectively due to this reduction in cultural myopia.

3 0

3 years ago