Scott's suggestion that his boss adds snow removal as an extra service shows Scott acting on intuition.
Intuition is a product of inventiveness, especially when one has creative skills for bringing out solutions to ensure success.
Scott was not acting in hindsight because he had not engaged in snow removal before. Scott did not suggest based on minority dissent since there is no opposing suggestion from the majority.
Similarly, Scott was not acting on a sudden reaction, which suggested that the boss required a business idea from Scott.
Thus, Scott was acting on intuition when he suggested to his boss embrace snow removal as an extra service with potential.
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Answer:
C)
In order to use the Cost-Benefit Principle correctly we need to compare the marginal benefit of the new spending, which is $25 million, with the marginal cost of the new spending, which is $50 million. This new spending makes no economic sense.
Explanation:
The cost-benefit principle in accounting states that the additional benefit must outweigh additional cost in an accounting system.
Spending of $250 million is giving $400 million revenue. The new proposal of spending $300 million to get $425 million implies we are spending extra $50 million to make extra $25 million.
This is not a good investment according to the cost-benefit principle.
Answer:
- <u>std rate $30.64</u>
- <u>efficiency variance $6,128.00</u>
Explanation:
We will work the rate variance to obtain the standard rate:
actual rate $29.20
actual hours 11,700
difference $1.44
rate variance $16,800.00
<u>std rate $30.64</u>
<u></u>
<u>Now we can solve for the labor efficiency variance:</u>
std hours 11700
actual hours 11500
std rate $30.64
difference 200
<u>efficiency variance $6,128.00</u>
The diference is positive, sothe variance is favorable.
<span>the part of the development process where Dan Kim does his research on his ideas is called innovation which is where new ideas are transformed into new products</span>
The name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees is called:
According to the given question, we are asked to state the name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees.
As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit
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