Answer:
opportunity cost
Explanation:
The concept of Opportunity cost deals with the idea that individuals, investors, or business owners, due to scarcity of resources, lost possible benefits that could be gained, as he or she chooses alternative choice.
Hence, the underlying reason or factor trade benefits both sides of a trading arrangement is rooted in the concept of OPPORTUNITY COST.
Therefore, the right answer is Opportunity cost.
Answer:
As the gross profit is the same for both products It is better to choose Product A because Product Z needs further processing a day , so time can also be the constraint.
Explanation:
Process Cost of Product A = $ 8000
Sale of Product A= $ 22,500
Gross Profit For A= $ 14,500
Process Cost of Product Z= $ 8000 + $4200= $ 12,200
Sale of Product Z= $ 26,700
Gross Profit For Z= $ 14,500
The gross profit for both products is same but product Z requires additional day for further processing so it is better to choose Product A.
Answer: 1a. A supply chain is the summation of processes involved in ensuring that goods manufactured by a company gets to the final consumer.
Explanation:
1b. Managerial Accountants can improve the supply chain by looking out for hitches in the distribution cycle of goods and being proactive about handling them. Some measures to achieve these are;
1. Effective Logistics Network - All the resources used on logistics such as vehicles, Information technology devices/software, human resources, etc., should be regularly checked to be in good form at all times and equally, efficient.
2. Stock Control - Goods that may be required by costumers at any point in time should always be available.
3. Efficient Payment System - All resources used for payment including bank account information point of sale machines, should be regularly checked to be in good order.
4. Distribution Strategies - A clear cut map should be put in place by the management to facilitate an efficient and prompt delivery system. This can be done by strengthening all departments involved in distribution.
2. Sustainable Practices are those methods of production or initiatives, adopted by companies that seek to limit damage to the environment. An example, is recycling. These practices are geared at ensuring a safer world.
I would invest in a company that discloses their sustainable practices, first, because I believe they are transparent, and secondly because I believe that such companies aim at being enduring companies which are evolving and living up to the demands of a cleaner earth.
Honesty
Loyalty
Cooperation
<span>responssibility
</span><span> ability to get along with others</span>
