Answer:
b. Standard hour plan
Explanation:
Standard hour plan -
It is the pay plan , where the person is paid according to an hour the person works , i.e. , per hour amount is pre decided and is paid for the number of hours the person works , is referred to as standard hour plan.
The time period the person exceeds in order to complete the task , is paid as extra amount, i.e. , the amount is given for each and every minutes the person takes.
Hence , from the given scenario of the question , the correct term is Standard hour plan.
Answer:
Insurance premium
Explanation:
The amount you have to pay for your premium would be depended on the type of insurance plan that you pick along with your personal status (Typically, wider coverage with larger payout tend to have higher premium. Also, young costumers with healthy weight tend to have lower payment compared to older customers or overweight costumers)
After picking your insurance plan, Your insurer will provide you with options on how to pay those premiums. (such as annually or semi annually). And you are required to make the payment before the date mentioned in the installment
This is because <u>"all social institutions are interrelated."</u>
Social institutions are an arrangement of conduct and relationship designs that are thickly interlaced and continuing, and work over a whole society. They request and structure the conduct of people by methods for their regulating character. Without social institutions, current societies couldn't exist.
Answer:
a. Potential Packing Output/hr = (50 loaves/20 min) * 60 min = 150 loaves.
However, the production of 50 loaves takes 60 mins, so the packaging remains idle for 40 mins and the Actual Packing Output/hr = 50 loaves.
Hence, Capacity Utilization = (Actual Output/Potential Output) *100% = (50/150)*100% = 33.33%
b) Production output = 50 loaves/hr = 50 loaves/60 mins
Packing Output = 50 loaves/20 mins
So, to make both the capacities equal, the XYZ Bakery can simultaneously operate three batches to prepare the dough and bake i.e 150 loaves/60 mins for both production as well as packing.