Answer:
b. Would like to compete
d. specilize in production
Explanation:
Competition is when businesses selling similar products, in the same market, try to outsell each other through winning more customers. When businesses compete, consumers benefit through fair prices and higher quality goods. Competing businesses innovate and create products with a high utility value to attract more customers. As a result, they offer customers products and services of high quality.
A business that engages in a specialization produces fewer varieties of products. It focuses on manufacturing goods and services that it has a comparative advantage. Due to specialization, the firm and its employees become experts in producing its products of choice. Consequently, it offers goods and services that are of a higher quality than a business that does not specialize.
Answer:
B. Contingency
Explanation:
Contingency theory was proposed by Fred Edward Fiedler and it states that the success of a leader does not only depend on his abilities. It focuses on situational differences both between organizations and within an organization. It tries to match management practices with situational demands. It refers to the effort in determining the fit between the organization's characteristics and its tasks and the motivations of individuals.
Answer:
$138,000
Explanation:
The computation of the machine cost that would be reported is shown below:
= Purchase value of machine + shipping cost + installation cost + testing cost
= $126,000 + $3,000 + $4,000 + $5,000
= $138,000
At the time of reporting the machine cost, we have to consider all the cost that is related to the machine. Therefore, all the given cost is considered.
