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tamaranim1 [39]
3 years ago
7

Which of the following statements about goods is FALSE? Question 1 options:

Business
1 answer:
anyanavicka [17]3 years ago
8 0

Answer:

C) Goods-producing firms focus on the flow of people, information, and services.

Explanation:

Goods-producing firms not necessarily needs to focus on the flow of people, information, and services, what is true is that firms use physical inventory because it's necessary to have available products to sale.

The facilities must be located close to raw material, suppliers, and labores if not the company will see the cost of sale increased by logistic costs.

Also it's important to have employees with strong technical and production skills so the company can get well products at the production line.

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A company's income statement showed the following: net income, $136,000 and depreciation expense, $33,600. An examination of the
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6 0
3 years ago
Cost is most plainly visible when spending more money on one thing means that less money can be spent on another thing. True or
SSSSS [86.1K]

The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.

<h3>What is the cost?</h3>

A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.

Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.

Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.

As a result, opportunity cost describes a decision we must make in order to make another one.

You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.

Check out the link below to learn more about costs;

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6 0
1 year ago
The focus of strategic management is​ ______. A. the integration of all the functional areas of the business to achieve its orga
IceJOKER [234]

Answer:

A. the integration of all the functional areas of the business to achieve its organizational objectives

Explanation:

Strategic management is the process of  setting goals for an organisation, analyzing its competitive environment and internal environment, and  evaluating strategies that will ensure that the organisation achieve its goals. It covers all  the functional areas  such as the micro and macro environment of the business.

7 0
3 years ago
Francis works for a local fly-fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year
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The amount of discount that has to be included in Francis's income is 0.

<h3>How to solve for the discount amount</h3>

The amount of the discount - sales price

= 300 - 250

= $50

This is the discount when it is sold to employees

Next we solve for the gross profit as

sales price x gross profit rate

= 300 x 30%

= 90

Given the amounts that we have here we have to conclude that the amount to be included in the account is 0

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6 0
2 years ago
Talk about why you think it is sometimes important to represent a procedure mathematically.
7nadin3 [17]
It is important, because you have to explain how to do a procedure in order for the former person to understand what you believe is correct in math.
7 0
3 years ago
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