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Below are the choices that can be found elsewhere:
a) Gambling
b) Reliance on fixed income
c) Poor investments
<span> d) Cost of living
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The answer is B which is Reliance on fixed income
Answer: The correct answer is "C. produce because revenue of $1 comma 000 is greater than fixed costs.".
Explanation: The firm should produce because the revenue of 1000 is enough to cover the fixed costs and part of the variables (1000 - 800 - 600 = (-400)) so that the loss is less than if it stopped producing despite the avoidable costs (800 - 350 = 450) since if it stopped producing it would have a loss of $ 450 and producing it would have a loss of $ 400.
Answer:
"E "
Explanation:
Just in time inventory is an inventory management system where inventory required for production are ordered at the point of production.
This practice helps to maximize profit as investment on inventory carriage and storage are minimized , aiding an improved working capital management.
It is of importance that machine break down is avoided and there is a reliability of man power in order to avoid operation down time when there is a demand.
Also , there must be a solid arrangement with supplier for it to be effective.
Answer:
d. Milton Friedman
Explanation:
Milton Friedman is an American economist that believed in the free market capitalism. He was a free market advocate. He therefore advocated that the social responsibility of a manager is to maximize shareholders returns.
