Answer: standing plan
Explanation:
Standing plan is used over a long period of time and is altered as situations change. It also helps in bringing about harmony and consistency to the company.
The plan usually contains goals, policies, methods, dos and don'ts which are otherwise known as rules and strategies of a company.
This plan benefits the managers as it covers the problems they face frequently.
Answer:
Explicit costs - $51,000
Explicit costs are those for which a person incurs in actual spending of money. In this case, Christine had to pay $15,000 in wages, and $36,000 in rent ($3,000 x 12). These are expenses that she had to pay money for, and that had to be accounted for in the accounting books, and in the financial statements. These are in other words, explicit costs.
Implicit costs - $40,000
Implicit costs are simply the opportunity costs. An opportunity cost is the cost of the next more valuable alternative when faced with two or more options. No money is paid for this costs. The implicit costs for Christine were the $40,000 that she not receive as wages if she had continued working at a real state firm.
Answer:
an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Answer:
since there is not enough room here I used an excel spreadsheet
Explanation:
Answer:
1.inspecting equipment, structures, or material
4.performing general physical activities
5.getting information
