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Dovator [93]
3 years ago
15

A manufacturing plant has found that purchasing a computerized electronic machine system decreased the need for additional worke

rs. Which of the following has occurred?
a) Job exportationb) Outsourcingc) Automationd) Offshoring
Business
1 answer:
Zielflug [23.3K]3 years ago
4 0

Answer:

C. Automation

Explanation:

The situation explained in the question perfectly explains Automation. New technologies and advancements lead to more efficient and advanced procedures and processes, particularly when such procedures and processes  require very little human interaction or assistance. Now if we talk about the manufacturing industry, procedures like CAD (computerized aided design), CAM (computer aided manufacturing) and EDI (electronic data interchange) have pretty much eased and transformed the manufacturing procedures and environments.

Job exportation mostly relates to employment in international corporations usually located in growing and developed countries.

Outsourcing is the contracting out of certain aspects of business to third party specialist organizations who mostly specialize in that particular work domain.

Offshoring is the transfer and reallocation of SBU (strategic business units) from one country to another.

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________ is the maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of price
timofeeve [1]

Answer:

Supply

Explanation:

6 0
4 years ago
Read 2 more answers
Mark who lives in a country where interest rates are very​ high, goes to an ATM every day to get​ $10 of spending money. Jim​, w
AveGali [126]

Answer:

The correct answer is that Mark's opportunity cost of holding cash is higher

Explanation:

Opportunity cost is nothing but the value of the next best alternative that a person has given up , when that person had the choice of selecting between any number of options. You will not find this cost to be shown in your financial  statements or balance sheets but this cost is very important in telling which option is the best to use or more profitable for a person or company.

In this question the reason why Mark uses ATM more frequently is because for him the opportunity cost for him in holding more money in hand is high as compared to the Jim whose opportunity cost of holding more money in hand is less , which means he is not not going to miss out on much of the opportunity. The reason why the opportunity cost is high for Mark is because of high rate of interest in his country , if Mark holds more money in hand then the amount of money he is going to lose on interest that he would have gained by keeping the money in bank will be high which means his opportunity cost of holding money is high.

3 0
3 years ago
Assume that you own a small boutique hotel. In an attempt to raise revenue you reduce your rates by 20 percent. However, your re
BigorU [14]

Answer:

Demand is inelastic

Explanation:

Demand is inelastic, means that the demand of the buyer does not change as the price varies or changes.

For example, the price rises by 15% and the demand falls by 1%, which is said to be that the demand is inelastic.

So, in this case, the boutique hotel, tries to increase the revenue through decreasing the rates through 20%, but the revenues decreases. Therefore, this situation is that the demand of the boutique hotel is inelastic.

7 0
3 years ago
The main difference between a discretionary and nondiscretionary accrual is: Discretionary accruals are items that management ha
Virty [35]

Answer:

The correct answer to the following question is option A) Discretionary accruals are items that management has full control over .

Explanation:

Non discretionary accruals can be described as those expenses ( that are obligatory in nature ) which are yet to be realized by the company but such expenses are already recorded in the books of accounts . Examples of such expenses can be like employees next month salaries.

Discretionary accruals can be described as those expenses ( that are non obligatory in nature ) which are yet to be realized by the company but such expenses are already recorded in the books of accounts . Example of such expenses are bonuses for the employees . These are such expenses on which management has full control ,as it not an obligation for a company to incurred such expenses.

6 0
4 years ago
Table 13-14 quantity of output fixed cost variable cost total cost average fixed cost average variable cost average total cost m
earnstyle [38]
I found the correct table and copied its form in an excel file. I also inputted my answers there.

Fixed cost is a fixed amount regardless of the number of units created.
Variable cost is the amount that is directly related to the number of units. As the number of units produced increases, so does the variable cost.

These are the formulas I used in the table I made.
Total Cost = Fixed Cost + Variable Cost
Fixed Cost = Total Cost - Variable Cost
Variable Cost = Total Cost - Fixed Cost

Average Fixed Cost = Fixed Cost / Quantity output
Average Variable Cost = Variable Cost / Quantity output
Average Total Cost = Total Cost / Quantity output     OR  Ave. Fixed Cost + Ave. Variable Cost.

Marginal Cost = Change in Total Cost / Change in Quantity output

6 0
4 years ago
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