Answer:
The correct answer is: Chain.
Explanation:
A chain network is a hierarchical structure in which each component of the chain or employee must transmit a message to its immediate hierarchical coworker. Chain networks can flow upwards or downwards in both cases working with the same pace of communication. Chain networks are usually implemented in bureaucratic institutions where the hierarchical structure is well-defined and the decision-making is centralized.
Answer:
The correct answer is Sin tax.
Explanation:
A sin tax is a state-sponsored tax that is added to products or services that are considered vices, such as alcohol, tobacco and gambling. These types of taxes are collected by governments to deter individuals from participating in such activities without making the use of the products illegal. These taxes also constitute a source of revenue for the government.
Calculation of Commission earned:
We are given that Joan sells new cars at a local dealership and she receives a 15% commission on profit.
So we can say that :
Commission earned = 15% * Total profit
Last week she sold 9 cars for the total of $10,870 dealer profit
Hence Commission earned shall be calculated as follows:
Commission earned = 15% * Total profit
Commission earned = 15% * 10870 = $1,630.50
Hence, the Commission earned by Joan is <u>$1,630.50</u>
Answer:
The correct answer is option d.
Explanation:
A production possibility frontier shows a different combination of two goods that can be produced using all the available resources and level of technology.
As the production of one good is increased the opportunity cost of giving up its alternative goes on increasing. In other words, as we go on increasing production of one good we need to give up more of the other because of the scarcity of resources.
Answer:
A transformational process is a process by which we achieve lower costs, increased efficiency or level of output, higher quality of product, anything that brings competitive advantages over rivals.
So this means that Transformational process doesn't includes lowering product quality and efficiency or output.
Option 1 is incorrect because it talks about increasing production by decreasing product quality.
Option 3 is also incorrect because it talks about increasing inefficiency. Remember: Efficiency is increasing output at a set level of input.
Option 4 is also incorrect because transformational process doesn't includes the selling of inputs. Inputs are raw material, labor hours, overhead cost, etc these are not sold by any companies. However their is a possibility that semi finished goods are sold to other companies like Apple purchased Mobile displays from Samsung to meet its customer demand.
But its impossible to sell its labor, raw material which is readily available in the market.
Option 5 is also incorrect because corrective actions are taken when there is something going wrong. When the level of output is increasing from the desired output level it means its an achievement. So this is not correct option.
Option 2 is correct because conversion of inputs into ideas or products will result in competitive advantage. For example, Mercedes first time in the history introduced two door car. This helped Mercedes to lower its material cost sufficiently and Price of the car as well. As a result this increased its sales due to lower prices charged.
Transformational Processes includes activities of converting your resources into more efficient assets which is reflected in this option.
