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4 years ago

Explain whether you agree or disagree with the following statement.

Business

1 answer:

butalik [34]4 years ago

7 0

Answer: AGREE

Explanation:

A Monopoly faces no competition and are the only sellers of the product they sell. If firms in an industry successfully engage in collusion, the resultant effect will definitely be not unlike a Monopoly because they will set prices as a single firm, control output as a single firm and essentially run the market as a single firm.

They will sell at a rate where the Marginal Revenue curve will be below the demand curve. This will mean a higher price than a competitive market which was probably the main incentive for collusion.

A recent example would be the collusion between BMW, Daimler and Volkswagen, to hinder technological progress in improving the quality of vehicle emissions in order to reduce the cost of production and maximize profits. Thankfully this was busted by the European Commission in 2019.

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Gundy Company expects to produce 1,207,200 units of Product XX in 2017. Monthly production is expected to range from 75,600 to 1

kenny6666 [7]

Answer and Explanation:

The preparation of the flexible manufacturing budget is presented below:

Activity level

Finished units 75,600 96,600 117,600

(75,600 + 21,000)

Variable costs

Direct materials($3) $226,800 $289,800 $352,800

Direct labor ($7) $529,200 $676,200 $823,200

Overhead ($10) $756,000 $966,000 $1,176,000

Total variable costs $1,512000 $1,932,000 $2,352,000

Fixed costs

Depreciation [($4 × 1,207,200) ÷ 12] $402,400 $402,400 $402,400

Supervision [($1 × 1,207,200) ÷ 12] $100,600 $100,600 $100,600

Total fixed costs $503,000 $503,000 $503,000

Total costs $2,015,000 $2,435,000 $2,855,000

We simply added the total variable and total fixed cost so that the total cost could come and the same is shown above

5 0

3 years ago

Privity of contract refers to the relationship that exists between the parties to a contract. True or False

Assoli18 [71]

Answer: True

Explanation: Under the doctrine of "Privity of contract" it is a common law which state that a contract can not confer any right to a person or imposed any obligation upon anyone who is not a party to the contract. only parties involved in the contract are allowed to sue to enforce rights or claims on damages.

It is "true" that Privity of contract refers to the relationship that exists between parties to a contract.

8 0

3 years ago

Which employee role is directly accountable to ensure that employees are implementing security policies consistently

Sergio039 [100]

Answer: Information Technology

Explanation:

The employee role is directly accountable to ensure that employees are implementing security policies consistently is the information technology staff.

Such individual implements and also maintains security policies, procedures, and standards. The Information Technology staff gives the necessary mechanisms that will be required to enhance the security program.

8 0

3 years ago

If a police department tracks arrests, clearance rates, crime rates, and citizen satisfaction surveys to evaluate how well they

ch4aika [34]

Answer: Performance budgeting

Explanation:

Performance budgeting is referred to as or known as the practice or habit of developing and reforming budgets that are mostly based on relationship in between the program funding scale and the expected outcome from the program. This performance budgeting technique is referred to as the tool which administrators tends to use in order to manage the budget.

4 0

3 years ago

Can success be measured

Studentka2010 [4]

Answer:

yes

Explanation:

3 0

3 years ago

Read 2 more answers