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MAXImum [283]
2 years ago
15

Elena is the CEO of a small manufacturing firm. She is concerned with meeting the investment objectives of the firm's shareholde

rs and sees no value in corporate social responsibility. Elena's attitude isa. insupportable in the 21st century
b. consistent with the views of other critics of corporate social responsibility
c. typical of nearly all manufactures
d. a reaction to regulatory directive of the US government
Business
1 answer:
g100num [7]2 years ago
4 0

Answer: Option B

Explanation: Corporate social responsibility refers to the concept that if a business is operating in a society than it also have some responsibility towards it. It states that business takes resources from the society and must return the favor in some way.

But there are some critics of this concept that states that nothing is provided by the society for free and the entrepreneur pays sufficient for such resources and services. Thus extra effort is not needed for the betterment of society.

Hence we can conclude that the correct option is B .

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Conversion cost per equivalent unit is the combined costs of direct materials and factory overhead.
Maksim231197 [3]

Answer:

False

Explanation:

Cost

This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.

Conversion costs

This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.

The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.

While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.

The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.

The equation for Cost per equivalent unit for conversion cost is simply =

(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.

8 0
2 years ago
In a market economy, a high price will usually cause
Talja [164]

Answer:

C) producers to supply more and consumers to buy less.

Explanation:

The typical supply curve is upward-sloping (higher price leads to higer quantity supplied) and the typical demand curve is downward sloping (higher price lower quantity demanded).

Price is a measure of how much one good can be exchanged for other things. Production incurred cost (tend to rise as more resources become harder to obtain) so to supply more suppliers will demand higher price. Purchasing higher price good means consumers have less money (less of other goods can be bought) consumer will buy less good at higher price.

6 0
3 years ago
Gilberto Company currently manufactures 90,000 units per year of one of its crucial parts. Variable costs are $3.20 per unit, fi
Elina [12.6K]

Answer:

Part 1

total incremental cost of making 90,000 units =  $388,000

total incremental cost of buying 90,000 units = $396,000

Part 2

There is a cost advantage of $8,000 of making than buying, therefore  the company should continue to manufacture the part.

Explanation:

total incremental cost of making 90,000 units

Variable costs are ($3.20 x 90,000 units)    $288,000

Fixed Costs                                                      $100,000

Total                                                                 $388,000

total incremental cost of buying 90,000 units

Purchase Price ($4.40 x 90,000 units)          $396,000

Total                                                                 $396,000

Decision :

There is a cost advantage of $8,000 of making than buying, therefore  the company should continue to manufacture the part.

6 0
2 years ago
In a _______________________, most economic decisions about what to produce, how to produce it, and for whom to produce it are m
olga_2 [115]

Answer:

market-oriented economy is the correct answer.

Explanation:

8 0
2 years ago
The classical model assumes that wages and prices A. are flexible in the long run but not in the short run. B. are always comple
PtichkaEL [24]

Answer:B. are always completely flexible

Explanation:The classical theory proposes that all markets reequilibrate because of adjustments in prices and wages which are flexible. For instance, if an excess in the labor force or products exist, the wage or price of these will adjust to absorb the excess. If prices and wages are flexible, markets reequilibrate.

Wages are said to be flexible when they respond to changes in supply and demand and lead to the market clearing wage being set. It implies that the wage will be set by the Marginal Revenue Product of labour and marginal cost of labour. Any change in supply and demand for labour will lead to a change in the wage rate.

The importance of wage flexibility arises from the fact that, in most macroeconomic models, we find an inverse relationship between wages and employment.

3 0
3 years ago
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