Answer:
When telling a friend about your new job, how would you describe this company’s operations?
Neither effective nor efficient
Explanation:
The company's operations will be considered effective if they achieve objectives. But they do not produce the desired results because drivers often get the wrong addresses, making freights not to arrive at their destinations. Similarly, the company's operations cannot be described as efficient because trucks go out half full with wrong addresses. This is a waste of time, money, and efforts, and the performance competence of the company is questionable. Efficient operations accomplish results with the least amount of resources. Effective operations achieve desired results successfully.
Answer:
$30,000
Explanation:
Lara Technologies could invest the 250,000 in exchange of a 12% return, therefore, the opportunity cost would be:
$250,000 x 12% = $30,000
$30,000 dollars in returns is what Lara Technologies would give up if it purchased the land instead of investing the money.
Answer: An opportunity cost is a benefit ,profit, or value of something that must be given up to in order to achieve something else.
Explanation:
Answer:
A. measures the costs of acquiring or using resources in an organization.
Explanation:
Cost accounting is the procedure by which and organisation records, examines, and summarises any cost on processes or service.
Items that are considered include variable cost, fixed cost, and other expenses related to business operation.
