For David, the variable costs associated with staying open longer hours will include all of the following except rent on the restaurant building.
Option C
<u>Explanation:
</u>
Variable costs are prices that change when a company modifies the quantity of the product or service. The amount of the marginal costs for all generated units is variable costs. You can also take the normal costs into account. The two elements of the total cost represent fixed costs and variable costs.
Rent for rooms that your business has, including office spaces, can include overheads. It can also include your weekly salary. Machinery depreciation is nearly always a fixed cost.
The bulk of work costs, fee on purchases, delivery charges, shipping costs, compensation and wages are other sources of rising costs. Employee performance incentives are also known as variable expenses. In many cases–not always –contingent costs can be reduced without major problems rather than fixed costs.
Answer:
<em>Customer Lifetime Value (CLV)</em>
Explanation:
A customer's lifetime value, or Customer Lifetime Value (CLV), is the total amount of money that a customer is expected to spend during their lifetime on your business or on your products.
It is a prominent figure to understand because it helps you decide how much money to invest in the acquisition of new customers and the retention of existing products.
Answer:
Sensemaking
Explanation:
From the question we are informed about instance When the pandemic hit, Gloria, a local restaurant owner, experienced a major disruption to her business. To remain afloat, she had to deal with all of the uncertainty of the situation, talk to government leaders about health procedures, and decide what steps to take to keep serving customers without allowing in-person dining. With her managers, Gloria worked to get a better understanding of what was going on and adjust their mental models for their business. In this case, the process is an illustration of sensemaking concept.
Sensemaking Concept can be regarded as Concept by Karl Weick, which stressed on how the unknown is Ben structured and how we act on it. It gives leaders enablement to posses a
better grasp about activities going on within their environment so that other
leadership activities can be facilitated. This leadership activities could be relating as well visioning. Sensemaking Concept enables people to have chance in attributing meaning as regards to their collective experiences
Financial control is the process through which a firm periodically compares its budget to :
<h3>What is meant by financial control?</h3>
The methods, procedures, and techniques used by an organization to monitor and manage the use, allocation, and direction of its financial resources are known as financial controls. Any organization's resource management and operational effectiveness are fundamentally dependent on its financial controls.
Financial controls are laws and practices intended to stop or catch fraud and accounting irregularities. Financial controls include things like double-counting cash deposits and account reconciliation.
Read more on financial controls here: brainly.com/question/26398073
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Financial control is a process through which a firm periodically compares its budget to which of the following? (Select all that apply)
Multiple select question.
(A) stock price
(B) revenues
(C) expenses
(D) market share
(E) costs