Answer:
Manufacturing efficiency ratio= 60%
Explanation:
Manufacturing efficiency ratio measure the proportion of time it takes to perform value-added activities. This information is used to reduce time spent on non value-adding activities, thereby reducing cost and making production faster.
Using the formula
Manufacturing efficiency ratio= Value-added production time/ production cycle time
Value-added production time= Cycle time - non value-added manufacturing time
Value-added production time= 0.5-0.2= 0.3
Therefore
Manufacturing efficiency ratio= 0.3/0.5= 0.6
Manufacturing efficiency ratio= 60%
Answer:
Bill shouldnt trade movie tickets for basketball tickets, since MRS > Pb/Pm.
Explanation:
Price ratio = Pb/Pm
= $46/$10
= 4.6
MRS = 5/1
= 5
MRS > Pb/Pm
Therefore, Bill shouldnt trade movie tickets for basketball tickets, since MRS > Pb/Pm.
Answer: (d.) A lump-sum tax which violates the benefits principle.
Explanation:
Here the tax is an amount, i.e. it is lump-sum and it violates benefit principle because they are not taxed according to their willingness to pay.
Also a same fee is charged from all the students irrespective of their level of activity, i.e. a lump sum tax.
Therefore it is violating the benefits principle because the fee is independent of the campus activities. A student might be receiving greater benefits than the other in terms of higher campus activities but is paying the same fee.
Answer:
Recruiting
Explanation:
Recruitment is the process of hiring individuals in an organization to accomplish the tasks assigned. It is the process carried by the Human Resource Management in an organization. The HR management is responsible to organize and manage the human talents and recruit them respectively. The talent are recognized by the team and are hired to meet the goals of the organization.
