Answer:
1. Lack of Vision
2. Lack of Focus
3. Lack of Willpower
4. Trying to Please Everyone
5. Fear
6. The Average Mentality
7. The Pursuit of Perfection
Answer:
a. Calculate the price elasticity of supply for Aji's Chocolate Factory in February
b. Calculate the price elasticity of supply for Aji's Chocolate Factory in March
c. If Aji's Factory is nearly at full capacity of production in March, what will happen to Aji's Factory price elasticity of supply in April?
- If the company is producing at full capacity, then its price elasticity of supply will be perfectly inelastic even if the price increases. This is because any increase in price will not affect the quantity supplied because the company cannot increase it even if they wanted to.
Explanation:
price elasticity of supply = % change in quantity supplied / % change in price
It measures the proportional change in the quantity supplied that producers will make given a 1% change in the price of their product.
PES February = [(110 - 80)/80] / [(2.5 - 2)/2] = 0.375 / 0.25 = 1.5
PES March = [(140 - 110)/110] / [(3 - 2.5)/2.5] = 0.273 / 0.2 = 1.36
Answer: B. to provide information to managers for constant improvement in cost efficiency and quality.
Explanation: Lean accounting is the collection of principles and processes that provide numerical feedback for manufacturers implementing lean manufacturing and lean inventory practices.
The purpose of Lean Accounting is to provide vital operational and financial information in a way that motivates lean transformation and improvement.
Answer: Teamwork,
Communication
& Leadership are the anwsers.
Explanation:
Answer: local functional specialization
Explanation:
The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as local functional specialization.
Local Functional Specialization was actually Europe's economic hallmark which spread to many parts of the world later whereby some specific people in some certain places would concentrate on production of certain goods and services.
