Answer: <u>"b. Price is greater than long-run average cost."</u> is NOT characteristic of long-run equilibrium for a perfectly competitive firm.
Explanation: In the long term the company will produce the output level at which long-run average cost is at its minimum.
Where the price is equal to the long-run marginal cost and the long-run average cost.
Considering your program options is STEP TWO of the planning process.
The planning process is made up of five steps, which are:
1. determine your personal goals
2.consider your program options
3. Set SMART goals; that is, let your goals be specific, measurable, attainable, realistic and timely
4.Structure your program and document it
5. Keep a log and evaluate your program.
Answer:
A) Absorption costing will report less operating income than variable costing.
Explanation:
When absorption costing is used by a company, all its manufacturing costs (direct labor, direct materials and variable overhead) have been absorbed by the units that have been manufactured.
If inventory levels decreased due to units that started being produced but are not completed, and if the company uses absorption costing, then the materials used for starting the manufacturing process will be assigned to the previously finished units.
Answer:
quantity always falls
Explanation:
In the case when the supply and the demand shifted to the left so the equilibrium would price would not be determined also the equilibrium quantity would decline or fall
So according to the given situation, the third option is correct as it shows the quantity fall situation i.e. considered and relevant too
Answer:
True
Explanation:
Project checklist is an important tool in this situation.
The checklist can be used to trace responsibility to individuals of timelines or milestones not yet achieved,this way the individual project handler's performance can be measured and lessons can be drawn from this which serve as veritable tool in future project handling.
Projects are broken down into small portions in order to ensure each area is handled by an expert,hence when there are incomplete activities at close-out,it is naturally expected that those individuals would take ownership of their incomplete tasks
