Answer:
Initiative.
Explanation:
Initiative is a personality factor which means doing things even before being told.
This ultimately implies that, an initiative refers to the ability of an individual to act by himself or herself without getting any instruction from anybody.
Initiative connotes the personality factor that influences an individual to perform an action or task without being told, urged, compelled or forced to do so.
Answer:
b. hire a management team with expertise in complementary areas.
Explanation:
Yes, at this very time, it has become very hard for the Vicenzo to handle his company by himself due to the growth of the company, which is definitely a good business sign which needs to tacked well. He should go for hiring a management team which should have different expertise. He should first make different departments in the company such as, marketing department, finance department, human resource department, procurement department, production department etc. Then afterwards, he should hire the suitable persons for each department. He should start by hiring HR department's people first because they can help him in the future hiring and human resource related tasks.
Answer:
Amount to be transferred out of Work in process = 5,400 units * $63.13
= $340,902
Explanation:
Finished goods
opening 1,100
production 5,300
closing - 1,000
Finished good = 5,400 units
Completed goods = finished goods transferred + 20% complete WIP
= 5,400 + 200 units (1000*20%)
= 5,600 units
Total cost = $2,540 + $351,000
=$353,540
Cost per unit = Total cost / Completed goods
= $353,540 /5,600 units
= $63.13
Even though the 200 units (1000*20%) are completed and are included in calculating the cost per unit but they are not transferred to the finished goods only 5,400 units are transferred to finished goods.
The only reason for the 200 units inclusion on calculating the cost per units is that they are complete and in the total cost they are included as they were incurred alongside the 5400 units transferred.
Answer: will increase if the quantity effect outweighs the price effect
Explanation:
A monopolist is an individual or a firm that controls all the market for a certain good or service in the market. A monopolist has so much power and usually doesn't improve their product as there are no alternatives.
An increase in output by monopolist will increase if the quantity effect outweighs the price effect.
Its probbably d or c but please let me know if im wrong
