Answer:
The function that is responsible for ensuring that those products and services meet high quality standards are the OPERATIONS
Explanation:
Operations management is the business function which is responsible for managing the process of creation and coordination of goods and services. It involves planning, organizing, coordinating and controlling all the resources needed to produce a company goods and services. And it also ensures that products and services meet high quality standards.
Answer:
D
Explanation:
A change in quantity supplied is as a result of a change in the price of the good. This change in the price leads to a movement along the supply curve. If price increases, there is an upward movement up along the supply curve and if there is a decrease in price, there is a movement down the demand curve.
A change in supply is caused by other factors other than price. Some of these factors include :
- A change in the number of suppliers
- The cost in the price of raw materials needed in the production of the good.
A change in supply leads to a movement outward or inward
Financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.
I hope this helps
Answer:
A) $8,000.
Explanation:
net income = total revenues - total expenses = $12,000 - $4,000 = $8,000
net income is the same as net profit, or the difference between total revenue minus total expenses (including cost of goods sold, general and administrative expenses, operating expenses, depreciation, etc.)
Answer:
a. $40,000
b. $200
Explanation:
The computation of break-even point is shown below:-
Break-even Point (Q) = TFC ÷ (Price - AVC)
Now we will put the values into the above formula.
a. Break even point = $100,000 ÷ ($10 - $7.5)
= $100,000 ÷ 2.5
= $40,000
b. Break even point = $600,000 ÷ ($15,000 - $12,000)
= $600,000 ÷ $3,000
= $200
Therefore for computing the break even point we simply applied the above formula.
