Facilities, factories, and production lines with very large equipment are all classified as installations.
What is production?
Production is the process of combining different immaterial inputs (plans, knowledge) with material inputs to create something that is intended for consumption (output). It is the process of producing an outcome, a good as well as service that has value and enhances people's utility. Production theory, a branch of economics that focuses on production, is entwined with consumption (or consumer) economic theory. Utilizing the initial inputs productively leads to the production process and the output (or factors of production). Land, labour, as well as capital are regarded as the three primary production factors and are referred to as primary producer products or services. Both the output process and the final product do not significantly change these essential inputs or turn them into integral parts of the final product.
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Answer:
Phi Upsilon Nu
The total annual costs for the Alpha Ave. location with twenty persons living there is:
= $9,000.
Explanation:
a) Data and Calculations:
ANNUAL OPERATING COSTS
LOCATION FIXED VARIABLE Total Costs
Alpha Ave. $5,000 $200 per person $9,000 ($5,000 + $200 * 20)
Beta Blvd. $8,000 $150 per person $11,000 ($8,000 + $150 * 20)
b)The variable cost of each location varies according to the number of persons living there and the rate incurred per person. The fixed cost does not vary, at least, with the relevant range for either location. When the total variable costs are computed, these are added to the fixed cost to obtain the total costs. Then there is a comparison of the two locations to determine the location with the least total costs.
Answer: The fringe benefit is worth $182 more than the additional salary.
Explanation:
The Fringe benefit is valued at $3,600.
The additional salary after taxes is:
= 5,000 - (5,000 * 24%) - (5,000 * 7.65%)
= 5,000 - 1,200 - 382.5
= $3,418
The Fringe benefit is worth more than the salary by:
= 3,600 - 3,418
= $182
<em>Options are more probably for a variant of this question. </em>
The type of conflict that Kevin is facing based on the scenario that has being painted here is what is called the Conflict of loyalty. Option B.
<h3>What does it mean to be in conflict?</h3>
A mental conflict brought on by conflicting or incompatible wants, urges, wishes, or demands from the outside or the inside.
Conflict-affected individuals may come out as tense and uneasy. For instance, they could shun social situations and question everything they do all the time. Words and comments - How workers communicate verbally might show whether conflict is present. People tend to use far more emotional language when they are agitated.
When a person has a duty of loyalty to many entities and those entities' interests disagree, there is a conflict of loyalty.
When a board member may be swayed by factors other than what is best for the organization, there is a possible conflict of loyalties. Loyalty conflicts could be severe enough to qualify as interest conflicts.
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