The automation of the workplace, which replaces workers with technology, is another cause of the changes in the job market.
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What is automation?</u></h3>
- A broad range of technologies that minimize human involvement in operations are referred to as automating.
- By predetermining decision criteria, subprocess linkages, and related actions — and embodying those predeterminations in computers – human intervention is decreased.
- An industrial control system with tens of thousands of input measurements and output control signals can be automated, as can a thermostat controlling a boiler in a home.
- The banking industry has also been impacted by automation. Control complexity can range from straightforward on-off control to sophisticated multivariable algorithms.
Automation is the use of a variety of tools and control systems, such as machinery, factory processes, boilers, and heat-treating ovens, as well as the activation of telephone networks and the steering and stabilization of ships, aircraft, and other applications and vehicles with a minimum of human intervention.
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Answer:
Predetermined overhead rate = $0.8 per hour
Overhead applied in December = $34,960
Explanation:
Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hours
Predetermined overhead rate = $416,000 / 520,000 hours
Predetermined overhead rate = $0.8 per hour
(as Direct labor cost is equal to total direct labor hours worked multiplied by the wage rate.)
Actual Labor hour = 43,700
Overhead applied in December = 43,700 hours x $0.8 = $34,960
Answer:
B) writ of persecution
Explanation:
According to my research on different legal requirements, I can say that based on the information provided within the question the only step that is not part of this process is writ of persecution. This is because a "writ of persecution" is a written order of the court to persecute a person, since there is no mention of such a thing in the question we can say that this is not part of the process.
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As a business person planning to open a new small business, you know that the business plan should not contain pages and pages of detailed facts and figures.
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Answer: E. The firm's ability to differentiate its product
Explanation:
The factor under the control of owners and managers that make a firm successful and allow it to earn economic profits is the firm's ability to differentiate its product.
Product Differentiation has to do with making a product unique from that of its rivals so that it'll be attractive to the customers and the target market. This will slow be vital for the company to produce at a average cost that is lower than that of its competing firms. This will help the company to have a competitive edge over others.