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4 years ago

I need help with economic hw can someone come up with a example for scarcity and choice, opportunities cost

Business

1 answer:

diamong [38]4 years ago

4 0

Scarcity occurs when the demand for something exceeds the supply. Examples often occur with natural resources when they are over used. Think of over fishing, hunting or poor farming. The choice to over hunt in present may cost hunting opportunities in the future.

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Exxon's response to the 1989 Valdez tanker oil spill in Alaska is an excellent example of a company using thoughtful crisis mana

PilotLPTM [1.2K]

Answer:

Exxon's response worsened its public standing.

Explanation:

Crisis management is the application of game plan to help an organization deal with a sudden and significant negative event.

The Exxon's response is a perfect example of how company should apply thoughtful response in crisis management because Exxon corporation failed to follow several well-established procedures thereby damaged its public standing, failed to seize control of developments after the spill and sending lower-ranking executive to address the situation instead of the chairman going there himself to take control of the situation in a possible way.

The action taken by Exxon led to the impression that the company disregard pollution problem by not involving top management.

6 0

3 years ago

Workers at a company were assigned to one of two conditions: one group completed a stress management-training program; another g

Sergeu [11.5K]

answer:

Independent Variable: Group that completed the stress management training vs. Group that had no training)

Dependent Variable: Number of sick days

Explanation:

The dependent variables also called Predicated variable is a type of variable that depends on the independent variable which happens as a result of the circumstances surrounding the independent during an experimental investigations. it also predicts the outcome resulting from altering the controlled variable. for example in the question, the dependent variable is Number of sick days

The independent variable is the variable the which can be changed or controlled during an experimental investigation which dependent variable relies on directly. for example from the question, the independent variable is the Group- (Group that completed the stress management training vs. Group that had no training)

8 0

3 years ago

The following information applies to the questions displayed below.] McAllister, Inc. employs a normal costing system. The follo

alexgriva [62]

Answer and Explanation:

The computation is shown below:

Given that

Total manufacturing costs = $1,310,000

Cost of goods manufactured = $1,275,500

Applied manufacturing O.H = 30% of manufacturing costs

= 0.3 of 1,310,000

= $393,000

(1)

The direct labor cost is

80% of direct labor cost = Applied overhead

So direct labor cost = $393,000 ÷ 80%

= $491,250

(2) The total cost of direct material is

As we know that

Total manufacturing costs = Direct materials + Direct labor + Applied Overhead

So,

Direct materials = Total manufacturing costs - Direct labor - Applied overhead

= $1,310,000 - $491,250 - $393,000

= $425,750

(3)

The Ending work in process inventory is

As we know that

Cost of goods manufactured = Beginning work in process + Total manufacturing costs - Ending work in process

Le us s assume X to be ending work in process

Beginning work in process = X × 75% = 0.75X

Now

$1,275,500 = 0.75X + $1,310,000 - X

X = $138,000

6 0

3 years ago

Jane's candy shack was a quaint shop, in a small town, with high end items that never attracted many customers. its failure was

Masteriza [31]

The failure of the shop was probably because the owner fails to search or do research work in her market that made customers feel no attraction to the things that she sells. She should have done or better research s in making the customers attracted to the things that she sells so that she will have customers that are large in numbers and in the same time, her shop would sell.

8 0

3 years ago

Regan owns and manages The Coffee Shoppe. She likes to experiment with different management styles and life philosophies. She re

Art [367]

Answer:

its cold outside thats the answer

Explanation:

5 0

3 years ago