Explanation:
Yes it is always good to have a bigger clear picture of the things or issues you need to address, but along with the bigger view, minute details are also important. Putting minute details in order will allow you to see the clear and real picture of the scenario. It is no doubt good to have a bigger view of things, but small details constitute the bigger picture, so small details are equally rather more important in getting the things rights. For example if you are at work and you are the in-charge at the manufacturing site, you will not only be concerned about the final product but also need to check the raw materials and all other inputs that are being given in the process to get the required product. So each and every detail is important while working in an organization.
Answer:
c. Optimum replacement interval (ORI)
Explanation:
Optimum replacement interval used to estimate the most cost effective time to replace an asset on the basis of their replacement cost.
There needs to be a balance between the replacement cost and the value that is being lost by changing the asset.
The useful value must be low to justify replacement cost.
For example if the cost of maintaining a machine has increased a lot as a result of wear and tear, it will be more cost effective to make a replacement in order to minimise cost and increase efficiency
Answer:
The correct answer is option C and D.
Explanation:
A perfectly competitive firm has a large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit in the market. The firms are price takers.
The market for electricity is not a competitive market because there are few sellers in the market and there is difficulty in entry and exit because of the high cost involved.
Yes , the increasing average payment period decreases the operating cycle
All small business owners know the importance of liquidity-have enough cash on hand to pay the bills. For this reason, business owners and managers monitor the cash conversion cycle. This shows how quickly companies are moving from paying inventory to receiving cash for sold inventory. An important factor in calculating a company's cash conversion cycle is the accounts payable period. The longer the period, the shorter the cycle.
The cash conversion cycle can be calculated using the data readily available on the company's balance sheet and income statement. It has three components. "Inventory days". On average, it indicates how long a product remains in stock before it is sold. "Accounts receivable days" or A / R days. This shows how long it takes a customer to pay an invoice. "Vendor date" or A / P date.
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Answer:
True
Explanation:
Suppose you know that Galaxy Samsung blasts while picking a call and still you buy the product then this means you have accepted this risk and that the Samsung is not liable for the damages. This is what the Assumption of risk doctrine says. If you know about the risk associated with consideration received (cellphone in above case) doesn't constitutes to any damages recovery from the other party.
