Answer: True
Explanation:
Low Margin items refer to those that have a lower profit per unit because their costs may be higher in relation to their selling price.
High margin items are the opposite.
If the company switches from High Margin items to Low margin items, they will face a situation where they are incurring more costs per sale which would drive their profits down even if sales increase.
The optimal mix for a company should have more high margin items than low margin items.
Answer:
Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 70 years.
Explanation:
The copyright is an exclusive right given to a creator to publish and reap the economic benefits from his work, for 70 years.
Copyright to create works such as literary books, music albums, films, animated media, and so on.
During this 70 years, anyone who would like to reproduce the creative work, has to pay copyright to the creator. After the period of 70 years, the copyright expires, and the work enters the public domain, which means that it is not necessary to pay copyright anymore to reproduce the works.
Answer:
Human needs are the impulse that individuals have to access certain goods or things. Scarcity, in turn, is the lack of goods or things to meet the needs of all humans in general.
Therefore, all human needs could be covered without major problems if the phenomenon of scarcity did not exist, that is, if there were more goods available than those demanded by society.
Answer:
thanka is purely a Buddhist art and is a painting done on a flat handmade cotton and silk canvas depicting dinivities or pattern which can easily rolled up and transport.
Answer: 24.60 minutes (2dp)
Explanation:
The question is essentially asking that we find the Standard Time it takes to serve a customer.
To do this we would have to calculate the averages of the different elements and then use this to find the normal time which we can then use to find the Standard Time.
Element 1
= (3 + 4 + 4 + 3 + 3)/5
= 3.4
Element 2
= ( 9 + 8 + 10 + 11 + 10)/5
= 9.6
Element 3
= ( 7 + 8 + 6 + 7 + 8)/5
= 7.2
We then calculate the normal times by multiplying each of the individual means with their performance ratings.
That would be,
Element A
= 3.4 * 70%
= 2.38
Element B
= 9.6 * 110%
= 10.56
Element C
= 7.2 * 120%
= 8.64
We then add up the normal times to get the total normal time
= 2.38 + 10.56 + 8.64
= 21.58 minutes
Now we can solve for the standard time using this formula,
Standard time = Normal time (1+Allowance factor)
= 21.58 ( 1 + 0.14)
= 24.6012 minutes
= 24.60 minutes (2dp)
The time per unit customer served is 24.60 minutes.
If you need any clarification please do comment. Cheers.