Answer:
D) The set of decisions, the set of possible outcomes, and a value model that prescribes results.
Explanation:
Problem solving involves use of various methods to find solutions to problems faced by individuals and organisations.
It involves generation of ideas or decisions that can resolve the problem.
These ideas are now analysed to see how viable they are, can they be implemented, and what is the possible outcome.
The valid ideas are now used to create a value model that can effectively bring results.
Answer:
science, technology, engineering, mathematics
<u>Answer:</u> This is an example of scarcity.
<u>Explanation:</u>
Scarcity means there is less supply of the goods that are required. Non renewable goods are the goods which are available in lower quantity and they may become obsolete at a point of time. These resources cannot be replaced by nature and it takes quite a long time to get supply of these resources.
When non renewable resources are used in production of goods the prices of the goods are very high. When renewable resources are used they are unlimited in supply so the price of the products will be less.
Answer:
$750,000
Explanation:
Product costs are those costs that are incurred during production process, that is process of forming the product. It includes direct and indirect cost incurred during manufacturing.
Sales commission not however not considered part of product cost, but as part of operations expense. Commissions are paid to employees as incentive for driving sales, so it does not contribute to the product cost.
Product cost = Direct materials and direct labour+ Variable manufacturing costs+ Depreciation
Product cost = 600,000+ 100,000+ 50,000
Product cost= $750,000