Answer:
Identifying fixed cost and variable cost.
Explanation:
- The behavior cost is those costs that will completely change when there are minute changes in the activity and includes the variable and the fixed costs and the semi-variable costs.
- As an example of the fixed cost is the insurance. While the variable cost is flour for the bakery that produces artisan bread. And that of the semi mixed cost is the cost of the bakery cost and the natural gas.
Answer:
False
Explanation:
As for the given instance, the market is not solely dependent on Van's Fire Engines, as it is a competitive market.
The supply and demand are inversely proportional and does not depend on change of price in a competitive market.
Accordingly even after decline in the price from $105,000 to $90,000, the production quantity will not be affected similarly with the same proportion.
Further, Total revenue might be affected as with decrease in price might light to more sale, and there might be slight change both upward or downward in such sales revenue.
But since the change will never be in same proportion to change in price.
Thus, the statement above is false.
Answer:
business rules
Explanation:
Business rules define how a business will execute a certain process. For example, establishes the conditions where products can be delivered without any extra charge or fee: if the purchase amount is over $500, or within a 5 mile radius.
It establishes the parameters at which the business will operate. An employee should always be able to determine if a business rule allows or not a process to be performed, no gray areas should exist. Following with our previous example, if the purchase adds up only $450, then a delivery fee should be charged, or if the customer lives 7 miles away.
