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Naya [18.7K]
3 years ago
7

Using the Chipotle example we have discussed in class imagine that all employees are paid $15/hour, the grill costs $300, and ea

ch cash register costs $200. All other utensils and items come at zero cost. Applying the principles of business process improvement that we have discussed in class, what is the lowest cost Chipotle can achieve with the highest flow rate
Business
1 answer:
Lelechka [254]3 years ago
5 0

Answer:

The correct answer will be "$620".

Explanation:

It is important to note that certain principles are involved in the process of streamlining business processes, including:

  • Interpersonal skills of the organizational leaders.
  • Client focus entirely, defined objectives, accuracy, and so on., are encouraged.

The lowest cost will be:

= (15\times 8)+300+200

= 120+300+200

= 620 ($)

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When government gives money to a college student this is an example of a consumer
Scilla [17]

Answer:

When government gives money to a college student this is an example of a consumer subsidy.

Explanation:

A government performs different roles in the economy of a company to ensure that income and resources are equally distributed to various people in the country. For example, the government utilizes economic policies to ensure that economically vulnerable groups in the society are given a chance towards economic growth by providing them with subsidies and low-cost loans, housing and healthcare to ensure that they have a chance at growing economically. Another way the government distributes income and resources is by providing tax cuts to the poor or those with low income while at the same time increasing taxes to the rich and wealthy. Examples of vulnerable groups in the society are; the poor, people with low income, the unemployed, people of old age, and the youth and children.

In our case,we will consider consumer subsidy. Consumer subsidy is the act of providing benefits to a certain group in the society. The benefits can be in the form of; tax cuts and cash payments to that particular group or individual. An example is the government giving money to a college student  in the form of consumer subsidy. College fees is usually very high and cannot be afforded by most students, government subsidies assist these students to go to college.

8 0
3 years ago
Evie wants her sister's cell phone. Her sister wants Evie's television. They come to an agreement that they will exchange these
Kryger [21]

An economist would BEST describe the scenario as : Barter system

<h3>What is a Barter system?</h3>

Barter system is when commodities are exchanged against commodities. It is an act of trading goods or services between two or more parties without the use of money.

This type of trading system is an old method of exchange practised for centuries and long before money was introduced.

Examples of barter system are :

  • Mangoes are exchanged for bananas.
  • Salt is exchanged for onion.
  • Shoes are exchanged for clothes.

Therefore, an economist would BEST describe the above scenario as barter system because both Evie and her sister exchanged their items of value between themselves.

Learn more about barter system here : https://brainly.in/question/1821688

5 0
3 years ago
21. At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/underapplied overhea
Svetllana [295]

Answer:

b. decrease by $1,700,000

Explanation:

At the end of the year, overhead applied was $42,000,000.

Actual overhead was $40,300,000.

Closing over/underapplied overhead into Cost of Goods Sold would cause

net income b. decrease by $1,700,000

An increase in the inventory ($42,000,000-$40,300,000)  $1,700,000 would cause the inventory to be overstated by the amount  $1,700,000 hence decreasing the income statement by the same amount.

7 0
3 years ago
After a recent spike in violent crime, the local police department wants to spend $550,000 on a new crime fighting initiative. I
Verizon [17]

Answer:

c.

6.1 percentage points.

Explanation:

Ratio shows proportion of a number to other number or sum of all the numbers. Percentage is a ratio which is expressed as fraction of 100.

Human Life Worth = $9 million = $9,000,000

Spending on Fighting initiative = $550,000

Take ratio of spending by the worth of human life

Ratio = Spending / Worth = $550,000 / $9,000,000 = 0.061 = 6.1%

It reduces the risk of someone dying from crime by at least 6.1%.

4 0
3 years ago
which people within a corporation and hire manage the heads of departments. A. workers B. the presidents C. the vice presidents
eduard

B. The presidents is the correct answer I’m pretty sure

6 0
4 years ago
Read 2 more answers
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