Answer:
d. 1.0.
Explanation:
Four-firm concentration ratio is the ratio of the sales of the four largest firms in the industry relative to total industry sales. In industry B total sales is of $10 million and the top four combined have total sales of $10 million
Therefore, the four firm concentration ratio = $10 million/ $10 million = 1
Therefore correct answer is option B i.e. 1.0
Answer:
B
Explanation:
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied
in this question, there was only a change in price but no change in the quantity supplied.
so a change in supply and not a change in the quantity supply occured
determine supply per price
400 / 6 = 67
400 / 4 = 100
supply increased
Answer:
Planning management function
Explanation:
Planning is a management procedure which aims to identify objectives for the long term future of an organization and to determine the tasks and resources required in achieving these objectives. Managers should create a business plan or a marketing plan for achieving objectives.
Answer:
c. $105200.
Explanation:
Cost of land = $96,200
Real estate brokers' commission = $3300
Cost of demolition of old building = $7200
Proceed from salvage of demolition = $1500
Cost of land to be recorded using historical cost principle
= $96,200 + $3300 + $7200 - $1500
= $105,200
Option c. $105200 is right.
Option C is cotrrect answer - $304.50
<u>Explanation:</u>
The mean is calculated by adding all the values and then dividing it by the number of units. In general terms mean is also called as an average.
As per the given question:
Mean cost of repairing a starter of four multifarious vehicles is to be found out
The cost given are : $316, $443, $249, $210, Number of vehicles = 4
In order to calculate mean, first of all, sum has to be found out of four vehicles
Sum = $316+ $443+ $249+ $210 = $1218
Now, this sum is to be divided by the number of units that is 4 = $1218 divided by 4 = $304.50
Hence, mean = $304.50
