Answer: Alternation Ranking
Explanation: In Alternation Ranking employees are rated by choosing the best and then the worst employee, and then repeating the process until all employees have been rated. This method is effective in determining worker's performance using comparison with other workers in the company.
The flexible or telecommuting schedule is most likely an option offered in alternative work arrangements. Examples of alternative work arrangements are: f<span>lexible work schedules, the 4/40 workweek, job sharing, and home based work.</span>
Answer:
$3.2 million
Explanation:
The revenue and gross profit or loss which the company identify in the first and second year if it recognizes revenue upon contract completion is calculated below.
Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million
Revenue to recognize = $8m/$20m*$28m = $11.2 million
Gross Profit = Revenue recognized less costs incurred
= $11.2m - $8m = $3.2 million
The transaction's surplus in terms of the economy $30
<h3>Which principle states that the next-best choice you must forego in order to have something is its true cost?</h3>
The idea of opportunity cost, which states that the opportunity lost as a result of a decision, determines the true cost of an economic decision, is closely tied to the principle of substitution.
<h3>What is a sunk cost, give an example, and explain why it doesn't matter when deciding what to do in the future?</h3>
Sunk costs are viewed as bygone in economic decision-making and are not taken into account when determining whether to continue an investment project. Spending $5 million to establish a plant that is expected to cost $10 million is an example of a sunk cost.
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