Answer:
indirect loss, cannot be
Explanation:
Indirect losses refers to a type of loss that incurred outside of circumstances that usually occur in normal operation. (such as loss because the government created a certain type of law or loss because people are conducting strikes on other areas of our business)
Insurance companies can't cover Indirect losses because these costs tend to be really unpredictable and extremely hard to be measured . They will specify that they wouldn't cover these types of loss during the initial cotnract.
Answer:
option (B) 25,000
Explanation:
Data provided in the question:
Fixed cost = $500,000 per year
Cost of wood and labor to manufacture one bat = $5
Selling price of the bat = $25
Now,
At breakeven, total cost equals to the total revenue
let the breakeven quantity be 'x'
thus,
$500,000 + $5x = $25x
or
$25x - $5x = $500,000
or
$20x = $500,000
or
x = 25,000
Hence,
the correct answer is option (B) 25,000
Answer:
- False
- True
Explanation:
1. Social security benefits are increased each year in proportion to an increase in CPI which measures inflation. This CPI is based on a market basket that most people use. If the social security benefits that the elderly get rises as the price of the basket rises then Social Security would not provide a decrease in their standard of living but would rather leave it unchanged so this answer is <u>FALSE.</u>
2. If Healthcare is said to be rising faster than inflation and elderly people consume more health care then that means that Social security benefits which are based on a inflation are not capturing the rise in living expenses for the elderly appropriately. This means that old people might be worse off. This is therefore <u>TRUE. </u>
Answer:
D
Explanation:
A savings account is an account owned by an individual at a bank. He keeps his money there, and earn interest at the end of the month for his savings.
A minimum balance is sometimes required by the banks for a savings account, customers are expected to keep such minimum balance always if not, the account will be closed down.
Answer:
Contribute to the firm's strategic position as either low-cost leader or differentiator.
Explanation:
To help a firm achieve a competitive advantage, each distinct activity performed in the value chain needs to contribute to the firm's strategic position as either low-cost leader or differentiator. In order to achieve a sustainable competitive advantage, a firm must either perform its activities in a different way or it should perform totally different activities as compared to their competitors. This is the basic essence and logic behind getting a sustainable competitive advantage. In order to do it, a firm must perform each activity which should contribute to the firm's position in making it either a cost effective producer of the products or making entirely different products. In this way, by either becoming cost-effective leader or differentiator in the market, a firm must gain very strong strategic position in gaining sustainable competitive advantage which will be very hard for the competitors to compete with.
