The amount of effort that you put into your courses increases the marginal
cost of your education.
Marginal cost refers to the incremental cost which is accrued as a result of
increase in goods and services.
In this scenario, amount of effort put into courses entails more time and
money spent from buying of books and other materials. This therefore
depicts an increase in the incremental and marginal cost.
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Answer:
<u>TQM requires constant improvements in all areas of the company as well as employee empowerment.</u>
Explanation:
As the name implies, total quality management requires constant improvements in all areas of the company as well as employee empowerment.
In other words, the company expects 99.99% accuracy in all areas of operations which should also include employee empowerment so that they can better meet quality standards.
Answer:
Using LIFO:
TOTAL Sales : $19,875,500
COGS = $11,021,250
GROSS PROFIT = $8,853,750
Explanation:
KINDLY CHECK ATTACHED PICTURE
