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MA_775_DIABLO [31]
3 years ago
10

What are examples of explicit cost?A. the amount of money the owner could have made by investing in an alternative activity B. t

he cost of the business owner’s time and labor paying for gas for a company vehicle C. the amount of money an owner could have made by raising prices paying an employee’s wages
Business
1 answer:
STatiana [176]3 years ago
4 0

Answer:

B. the cost of the business owner’s time and labor paying for gas for a company vehicle

Explanation:

Explicit cost are known as actual costs. They are costs incurred in the running of a business or in the production process . They are usually reported in the financial statements.

Implicit costs are opportunity costs.

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3 years ago
Disadvantages of gap maps with example
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One of the most significant disadvantages of conducting a gap analysis or map is the loss of time and money. Typically, an organization will hire a consultant to conduct the assessment; however, participation takes valuable time away from project participants.

<h3>What is a gap analysis or map?</h3>

A gap analysis is a method of evaluating a business unit's performance to determine whether or not business requirements or targets are being met and, if not, what steps should be taken to meet them.

A gap analysis is also known as a needs analysis, a needs assessment or a need-gap analysis. Performing a skills gap analysis may increase your costs. This is due to the fact that employees frequently stop or interrupt their productivity while participating.

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1 year ago
James is the human resource manager at a large bottle manufacturing company. Ten years ago, when the business moved to its curre
Svetllana [295]

Answer:

departmentalization

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Each department tends to specialise in the assigned activity. This method promotes division of labour where a group of people specialise in one activity.

In the given scenario James is restructuring operations around three product lines to increase speed and effectiveness of decision making.

This is departmentalization with a view of increasing process efficiency

5 0
3 years ago
Tighter regulations regarding vaccine production and the resultant lower costs and risks of development of vaccines have contrib
Andreas93 [3]

Answer:

False

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The rules and regulations set for vaccine production and it result to lower costs of the does not contribute to shorted of vaccines, rather the tightened regulations helps in the production of more vaccines, at a cheaper or lower prices, and also makes it available for many instead of having shortage in the supply. So it is false.

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