Answer: The company is using the <em><u>comparative approach </u></em>to <u><em>evaluate the individual performances and thus seeking to develop some ranking of the individuals within a work group to identify the best performer.</em></u>
<u><em>Comparative approach concern with ranking an worker/individual performance with respect to that of others individual. </em></u>
When the price of a ticket is limited, the effect would be that there would be a shortage of tickets.
<h3>What is a shortage?</h3>
A shortage is when the quantity demanded of a product exceeds the quantity supplied. This usually occurs when the price of the good is set below equilibrium price.
When the ticket price is limited, the profit made per game reduces. As a result, it is expected that the number of tickets offered would decline. This would lead to a shortage.
Here is the full question:
Suppose university officials felt the price of football tickets at your school are too expensive and decide to limit the price the athletic department can charge for a ticket to a single game. What will result from this decision? Select all that apply. a. The quality of facilities will decrease. b. An abundance of cheap tickets will be available online. c. A shortage of tickets will exist. d. The football team will offer more tickets to the game.
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<span>What are notes or accounts receivable that result from sales transactions often called? Trade receivables.
A trade receivable is the amount billed to a customer when another company delivers olds or services to them for business use. They are documented in accounts receivable and given as an invoice for the customer to pay the delivering party.
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The purpose of implication questions is to assist a buyer in thinking about the potential consequences of a problem according to the SPIN questioning system.
<h3>What is SPIN questioning system?</h3>
It is a technique is a sequence of questions that help sales reps learn more about customers actual wants and how to go about meeting those wants.
It is a four stage questioning, which aims at knowing what customers want and showing empathy by meeting them.
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#SPJ1
Answer and Explanation:
a. The computation of the material price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
= 725,000 × ($2.95- $3)
= 725,000 × $0.5
= $36,250 unfavorable
b. The computation of the material quantity variance is shown below:
= Standard Price × (Standard Quantity - Actual Quantity)
= $2.95 × (730,000 - 725,000)
= $2.95 × 5,000
= $14,750 favorable
And, the total direct material cost variance is
= Material price variance + material cost variance
= $36,250 unfavorable + 14,750 favorable
= $21,500 unfavorable