The statements, which are examples of outsourcing, are, A company hires a local manufacturer to build its products, a company hires international workers for its customer service call center; and a company hires a marketing firm for branding. Therefore, option A is the correct option; that is, all these statements are true.
<h3>What is outsourcing?</h3>
Outsourcing is a kind of agreement that takes place between two or more organizations. It takes place generally in order to delegate the work of the organization to other organizations that provide such services to bigger organizations.
Outsourcing is one of the major economic activities in developing and underdeveloped countries, which provides work for companies in developed countries.
Since all of these statements are true, option A is the best choice.
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The view that anticipated changes in the money supply will have no effect on the economy's output would most likely be a proposition of <u>quantity theory</u>.
In monetary economics, the quantity theory of money (regularly abbreviated as TQM) is one of the directions of Western monetary concepts that emerged within the sixteenth-17th centuries.
The TQM states that the general price degree of goods and offerings is at once proportional to the amount of money in the stream, or money delivers. As an example, if the amount of cash in an economy doubles, TQM predicts that fee ranges will also double.
The principle turned into firstly formulated via Renaissance mathematician Nicolaus Copernicus in 1517, and become influentially restated by means of philosophers John Locke, David Hume, and Jean Bodin. The idea experienced a massive surge in popularity with economists Anna Schwartz and Milton Friedman's book A monetary history of the US, posted in 1963.
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Answer:
Explanation:
Labor productivity = Total output/ Total Input
Labor rate = $10. Labor hours = 1,000
So total labour input = 1,000*10= 10,000.
Materials and energy cost input = 2000+500
⇒ total input = 10,000+ 2000+500= 12500
Total output (units produced) = 10,000
Labor productivity= 10,000/12500= 0.80
Answer:
$4.94 million
Explanation:
As we know that
Current ratio = Total Current assets ÷ total current liabilities
0.95 times = Total current assets ÷ $26 million
So, the total current assets would be
= $24.7 million
So, the value of inventory would be
= (One - current assets percentage - account receivable percentage) × current assets
= (1 - 50% - 30%) × $24.7 million
= 0.20 × $24.7 million
= $4.94 million
Answer:
Direct material price variance= $966.4 unfavorable
Explanation:
Giving the following information:
Actual level of activity was 15,100 skeins.
Standard cost= $0.51 per skein.
The actual dye cost last month was $8,660.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 8,660 / 15,100= $0.574
Direct material price variance= (0.51 - 0.574)*15,100
Direct material price variance= $966.4 unfavorable
