Answer:
When consumers and businesses can borrow money, economic transactions can take place efficiently and the economy can grow. Credit allows companies access to tools they need to produce the items we buy. A business that couldn’t borrow might be unable to buy the machines and raw goods or pay the employees it needs to make products and profit.
Explanation:
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Answer:
$15.34
Explanation:
The formula and the computation of the predetermined overhead rate is shown be
Predeterminer overhead rate = Manufacturing overhead ÷ direct labor hours
where,
Manufacturing overhead is
= $359,860 + $8,300
= $368,160
And, the direct labor hours is 24,000
So, the predetermined overhead rate is
= $368,160 ÷ 24,000
= $15.34
Answer: slow; lacked the ability to line up resources
Explanation:
A focused cost leadership strategy is the strategy that requires the competition based on price in order to target a particular market.
Since Walmart used sophisticated logistics systems and efficient purchasing practices to gain a competitive advantage, the response of local competitors was slow due to the fact that they lacked the ability to line up resources. They were not as rich as Walmart and thus affected the local competitors.
Answer: True, this is one of the drawbacks of classical perspective of management.
Explanation: In classical perspective of management, the organization considers itself more important than its employees. The organization believes itself to be the machine and its employees to be the parts, and as we know, parts can easily be replaced.
In this management practice, the organization does not consider the social, mental and emotional needs of its workers. It believes that the workers only have economic and physical needs and that other needs are unimportant or non existent.
As can be seen in the question above, the law firm has not taken into account the emotional trauma the mother of the deceased must be passing through. For the law firm, "the show must go on", regardless of who gets affected negatively.