Answer:
1. Reduced cycle time: reduced process time in different areas.
2. Increased visibility: real-time status or availability of any process or product.
3. Increased efficiency: faster execution of each process.
4. Better quality: high quality standards of products and processes.
Explanation:
In this scenario, Sheila and her team were able to successfully implement an IS in a hospitality organization; increased visibility, increased efficiency, better quality and reduced cycle time.
Answer:
The correct answer is letter "D": incorrect because all inputs are varied in the example.
Explanation:
The law of Diminishing Marginal Productivity states that increasing one variable will keep the others the same. My initially increase output but eventually adding more of that one variable may lead to a diminishing rate of return. The law helps explain why increasing production is not always the best way to increase profits.
The law of Diminishing Marginal Productivity only applies when certain inputs are fixed, but in this example, the amount of labor available varies since it is increasing.
Answer:
The computations are shown below:
Explanation:
(a) Depletion cost per unit
Depletion cost per unit
= $717,963 ÷ 806,700 tons
= $0.89 per ton
(b) The Journal entry to record depletion expense is
Depletion Expense A/c Dr $ 92,293
(103,700 tons × $0.89)
To To Accumulated Depletion A/c $ 92,293
(Being the depletion expense is recorded)
(c) The cost applicable is
= 16,700 unsold units × $0.89
= $14,863
Answer:
The actual unemployment rate was higher during the recession of 1990−1991, while cyclical unemployment was higher in 2001.
Explanation:
Given data in the question
In the year 1990-1991
The natural rate of unemployment = 5.9%
The rate of the actual unemployment = 7.0%
In the year 2001
The natural rate of unemployment = 4.8%
The actual unemployment rate = 6.0%
As we can see that
The actual unemployment is high in the year 1990-1991 i.e 7.0% as compare to the year 2001 i.e 6.0%
While the cyclical unemployment rate is high in 2001 i.e 1.2% (6.0 - 4.8%) as compare to the year 1990-1191 i.e 1.1% (7.0% - 5.9%)
A major one is the increase in globalization.
now a days people can talk to anyone in any part of the world at any time they want for free and within an instant of when they think of it. Bills and payments can be made from the tap of a button. Someone can stay in their house there entire life and have everything they ever needed. this is being translated to the business world in massive ways.
