Answer:
1. $46,550
2. $405,000
3. $450,600
Explanation:
1. Computation of differential cost regarding the decision to buy the model 200
Differential cost = Cost of a new model 300 - Cost of a new model 200
Differential cost = $396,350 - $349,800
Differential cost = $46,550
So, the differential cost regarding decision to buy model 200 is $46,550.
2. Sunk costs are the costs which are already incurred by the entity in the past and which are not relevant to decision made today. In this case, sunk cost is the cost of the machine purchased seven years ago for $405,000.
3. Opportunity cost is the profit forgone by chosen alternative course of action. In this case, the Opportunity cost regarding the decision to invest in the model 200 machine is $450,600.
Companies can apply the force field technique in the workplace by establishing a method of observing the factors that drive or block the achievement of goals.
<h3 /><h3>How is the force field technique effective in the workplace?</h3>
It helps in the identification and more comprehensive analysis of the organizational environment and its processes, helping in decision making and in the strategic formulation to reduce bottlenecks and obtain quality.
Therefore, the force field technique helps in the effectiveness of processes, develops communication, reduces resistance to change in addition to creating a positive culture for development.
Find out more about force field technique here:
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The warning on cigarette packages about the health implications of smoking is an example of <u>"communications".</u>
Health warnings on cigarette bundles furnish smokers with widespread access to data on the dangers of smoking.
Tobacco package warning messages are cautioning messages that show up on the bundling of cigarettes and other tobacco items concerning their health impacts. They have been actualized with an end goal to improve the general population's consciousness of the destructive impacts of smoking.
