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fredd [130]
3 years ago
11

TP5. LO 7.2How might service industries predict revenue?

Business
1 answer:
dalvyx [7]3 years ago
5 0

Answer:

Budgeting, forecasting and planning

Explanation:

Service industries uses budgeting, which includes expected sales  and operational cost, to forecast, plan and predict revenue. With regards to forecasting; historical or past company data are used to make sound prediction.

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What represents the value of the second-best alternative that a person gives up when making a choice?
miss Akunina [59]

Answer:

c. oportunity cost

Explanation:

Opportunity cost is the value lost as a result of preferring a particular option over the other.  It occurs when an individual has to choose between two alternatives. For example, Jane can either stock 100 crates of soda or 80 packs of water.  If shes chooses 80 boxes of water, the100 crates of soda represent the opportunity cost.

8 0
3 years ago
According to ogburn's theory, invention can include both material and non-material social creations. non-material inventions inc
Free_Kalibri [48]
<span>According to Ogburn, inventions can include both material technological artifacts which change what sorts of things that can be done and the sets of customs, rules, and conventions that allow those material inventions to be of use to members of society. For example, there were various material technological inventions which made the automobile possible (the internal combustion engine, vulcanized rubber, the universal joint), but in order for the automobile to become integrated into society a number of non-material inventions were also necessary such as road networks, agreed upon rules of the road, licensing regimes, and so on.</span>
8 0
3 years ago
The total dollar value of bison killed from Huntington Forest is f(b)=42b-1.1b^2, where b is the number of bison killed. The mar
balandron [24]

Answer: 20.99

Explanation:

The optimal bison-killing tax is 20.99

Before the optimal bison-killing tax (per bison) is gotten, we had to calculate the optimum amount of killing first which is represented by b.

After b has been gotten, the value of b was 19.1 and this was slotted into the tax in order to get the value of t.

The analysis and explanation has been attached below

3 0
3 years ago
Which of the following statements is true?-direct costs can easily be traced to a cost object; indirect costs cannot be-both dir
Andru [333]

Answer: Statement A

Explanation: Direct cost are those costs which are variable in nature and can be allocated to the total units of output produced, these are easily traceable. Examples - direct material, direct labor and piece rate wages etc.

Indirect costs are those cost which cannot be allocated to the number of units produced on individual basis unlike direct cost these costs can be either fixed or variable in nature. Examples - rent expenses, administrative expenses.

.

From the above explanation we can conclude that statement A is correct.

5 0
3 years ago
Suppose country X partially specializes in the production of only two goods, food and clothing. At the initial free trade equili
alekssr [168]

If food consumption should rise by 42 units we can conclude that country X’s willingness to trade declines.

<h3>The reason why the willingness to trade would decline</h3>

The willingness to trade for this country would be on a decline given the fact that X's countyry is on a balanced growth path and the prices of their goods are unchanged in the international market.

Due to the lack of change they would not want to engage in trade again with other countries.

Read more on technological innovation here:brainly.com/question/19969274

4 0
1 year ago
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