Answer:
$21.65
Explanation:
The computation of the standard cost is shown below:
= Material cost + labor cost + factory overhead cost
where,
Material cost = 3 ÷ 4 × $5 per yard
= $3.75
Labor cost = 2 hours × $5.75 = $11.5
And, the factory overhead cost is
= $3.20 × 2 hours
= $6.4
So, the standard cost is
= $3.75 + $11.5 + $6.4
= $21.65
Answer: Human capital means the qualities of the labour force as it relates to skill, knowledge, education
etc.
2. The quantity of workers available for work refers strictly to the total number of labour force that are ready for work at a particular time, it's different from human capital which includes the total number and other factors like education, skills etc
2B Three ways to improve a nation human capital are education, skills development program and mentoring.
3. Increase in size of labour force refers strictly to the numbers of labour force while increase in human capital refers to the number and quality of the labour force like skills and knowledge
Answer:
None of the above.
Explanation:
Barriers to policy acceptance and enforcement stem from ineffective communication, lack of support for employees, lack of motivation as well as a lack of accountability.
<em>All options fall into one of these categories as will be pointed out below:</em>
- Organizational support at all levels: A lack of support of the employees at all levels of management, makes acceptance of a new policy difficult for the employees and policy enforcement is bound to fail.
- Giving employees a stake: This boosts employee motivation and could be achieved by actions such giving awards to employees who successfully follow the new policy the best. A lack of motivation, could impede the smooth acceptance of the policy by employees.
- Policy awareness: Employees of an organization must be well informed and kept aware of a policy before acceptance can happen. If knowledge of the policy is hoarded or there is ineffective communication of the policy, the employees do not even know about what new policy is being enforced by the company.
- Understanding disciplinary action for employees who fail to accept policies: This action makes employees realize they are held accountable for following the new policy and a failure to do that will attract a certain level of punishment. This keeps employees on their toes and makes them conscious of the policy to be accepted and enforced. Without this, an employee could fail to accept a policy and feel comfortable doing so.
Answer:
$100
Explanation:
the marginal product per dollar spent on labor = 40 units / $20 = 2 units per dollar
the marginal product per dollar spent on capital = 60 units / $30 = 2 units per dollar
the marginal product per dollar spent on land = 2 = 200 / $X
$X = 200 / 2 = 100 ⇒ the cost per unit of land is $100
The marginal product per dollar spent on a factor of production (labor, capital or land) is MP(factor)/P(factor). It measures how many additional units of output can be obtained by spending $1 more in a factor of production.
Answer:
Showcase stores are stores that display their products in a way that makes it easy for customers to determine what products are available.
Explanation:
Department stores are large stores with various assorted products and they adopt different approaches for selling their products to customers which include retail branding and showcase stores.
In a showcase store, <u>a variety of products available in the store are displayed for customers to see</u>, so they know what the store has available. These products that are showcased are not actually the ones sold.
The retail branding approach involves a large department store owning or controlling several <u>smaller retail outlets with unique brands through which it sells its specific products.</u>
<u>A well branded retail outlet connects better with target customers </u>and provides a more attractive option when they have to choose between competing brands.
