Answer:
The answer is option C) Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.
Explanation:
Operation costing is a mix of job costing and process costing,
In Process Costing, each process or stage of production is costed separately. while Job costing is used to calculate and assign the total cost of materials, labor, and overhead of a specific job.
The manufacture of a product may consist of several operations. In Operation Costing, costs are collected for each operation instead of each process or stage of manufacture.
Therefore, Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.
Answer:
The value of price will be exactly what demand is willing to pay, without possibility of change.
Explanation:
We call that a perfectly elastic demand. When we have that kind of price elasticity, any change in price upwards will affect the demand, making it fall to almost zero. On the opposite, if we have a change in price downwards, the demand will not increase. Bread, books, and pencils are good examples of that.
Contractionary fiscal policy. This occurs when government is spending less than the total tax revenue it receives. The policy is a result of raising taxes and/or reducing spending.
Answer:
Managers' risk of job loss, loss of compensation, and/or loss of reputation.
Explanation:
Managerial employment risk is basically the risk of loss associated to the managers for being a manager.
It not only involves the loss of losing job, but as the person is a manager there is a serious risk attached in the form of loss of reputation and not getting any other job in the market because of poor reputation.
As the managers are responsible for the functioning of any company, and that the performance is equally important and represents the performance of a manager.
If company performs good the manager is called efficient whereas if the company do not perform good, the manager is called inefficient.
Accordingly, a manager faces the risk of losing job, reputation and without even getting any compensation.
