The Greek letter beta is used in acceptance sampling to indicate the producer's risk of rejecting a high grade lot. Total, comprehensive inspection is never economically feasible. When the cost of inspection is modest, 100% inspection is acceptable.
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What does economically feasible mean?</h3>
economically feasible operations are those that generate more money than is required to cover the costs of running the gaming operations or the costs of the ancillary operations, as applicable, for the operations in question.
When the market and economically feasible investigations are finished, it's time to assess the business feasibility. The venture opportunity's financial model and break-even analysis are the primary goals of this work. In other words, how much income earned from units sold is necessary to break-even and over what timeframe, based on the costs of goods sold, capital costs, management, and administration.
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Answer:
Contribution margin per production hour
Product X = $12
Product Y = $15
Explanation:
Part 1
Contribution margin per production hour
Contribution margin per production hour = Contribution ÷ Time to produce one product
Therefore,
Product X = $6 ÷ 0.5
= $12
Product Y = $5 ÷ 0.33
= $15
Part 2
The Demand Units of Product X and Product Y are missing so the calculation of profitable sales mix is impossible.
This mix would have been calculated by :
- Manufacturing all the units of Product Y since Y has the highest contribution margin per production hour (demand for Y × hours required per unit)
- With the remainder of hours out of 4,700 after producing all of Product Y demand, we would then produce Product X.
The practice of selling bonds to raise money is called EQUITY.
Equity is a stock that represents an ownership interest in a company. Buying an equity from a company will give one partial ownership of that company. In future if the company want to close down, the stockholders will be paid first.<span />
Answer and Explanation:
The classification is as follows:
a. In the case when the quantity demanded is more than the price so it is a price elastic demand
b. In the case when the change in price of 1% lower than the change in quantity demanded so it is price inelastic demand
c. And, in the case where there is a change of 1% in a price that generated the 1% change in quantity demanded is unit elastic demand
Answer:
Divisional Product Structure
Explanation:
Divisional product structure functions in the manner that the business is centralized and then the resources are divided into various products depending on the needs of the product.
As the company which aims to produce more than one product and has diverse products, it can centralize the basic functions and then put specific consideration on the individual diverse products.
With this structure the organization can perform in each product segment with the increasing quality and generating greater revenue.