Answer: elastic; inelastic
Explanation:
A good is considered (elastic) when producers can quickly supply more or less of it based on changing prices while a good is considered (inelastic) when producers can quickly change how much of it is supplied when prices change.
In an elastic good, a change in price brings about a significant shift in the demand of such good while on the other hand, in an inelastic good, a change in price brings about an insignificant shift in the demand of such good.
Answer:
The answer is: C) oversees the operations of the FASB.
Explanation:
The Financial Accounting Foundation (FAF) is an independent and private organization that is responsible for establishing and improving financial accounting and operating standards. It is also responsible for educating its members about any changes in the accounting and operating standards.
The FAF is responsible for the oversight, administration and financing of the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB).
It is traditional economics
Answer: Option E: E.Just because one firm receives a 3.20 overall rating and another receives a 2.80 in a CPM, it does not necessarily follow that the first firm is precisely 14.3 percent better than the second, but it does suggest that the first firm is better in some areas is TRUE
Explanation:
Because one firm receives a 3.20 overall rating and another receives a 2.80 in a CPM, it does not necessarily follow that the first firm is precisely 14.3 percent better than the second, but it does suggest that the first firm is better in some areas.
The former firm received such high rating most times because of pedigree or experience or winning rate which does not judge it better than the latter firm in all areas.
Answer:
77.5 units
Explanation:
Given that,
Lot size = 155 units
Raw material cost = $150
value added in manufacturing per unit = $300
Total cost per unit = $450
Lead time = 30 weeks
Annual demand = 4,200 units
Average cycle inventory = Lot size ÷ 2
= 155 ÷ 2
= 77.5 units
Value = Average cycle inventory × cost per unit
= 77.5 × $450
= $34,875
