The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.
<h3>Why is the curve as stated about?</h3>
Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.
Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.
Therefore, the Option C is correct.
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Answer:
Spending variance will be equal to -729
Explanation:
We have given wages and salary is $2060 per month plus $442 per birth
We have given total number of birth = 117
So standard cost = $2060+117×$442 = $53774
Actual wages and salary for the month is = $54500
We have to find the spending variance
Spending variance is given by
Spending variance = Standard cost - actual cost = $53774 - $54500 = -729
So spending variance will be equal to -729
The answer is strategic decision making. This is also
referred as strategic planning in which a group of people or an individual
engage into making or creating the goals or objectives that the organization
would want to achieve or tackle in a way of providing altering strategies and
to obtain the goal that they aim for.
Answer:
decision support system.
Explanation:
A decision support system is an intelligent system that automates the organizational decision process by collecting data regarding organizational processes and logical and quantitative learning of factors that directly impact a business.
It is then configured as a very effective tool to reduce the risk inherent in the decision-making process of an expert who does not have much experience to make a decision based on their own knowledge.
Answer:
The answer is option C) Sampling Bias
Explanation:
A researcher who is conducting observations to test her own hypothesis may see or pay more attention to behavior that tends to support that hypothesis, so she must guard against observer bias
Observer bias is the tendency to allow how we feel or what we expect influence what we see.
As a researcher conducting observations to test her own hypothesis, it is possible that she may feel or think a certain way that will influence her observation.
knowledge of observation bias and how to guard against it will help her eliminate such error.
