Unemployment because of a mismatch between the skills of job seekers and the requirements of available jobs is called:

Strategic controls are largely subjective criteria intended to verify that the firm is using appropriate strategies for the cond

ValentinkaMS [17]

Answer:

A. True

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;

I. Value.

II. Vision.

III. Mission.

Basically, strategic controls are subjective criteria that are developed by a business firm so as to verify and ensure that the business firm has implemented the appropriate strategies for the conditions in the external environment and the competitive advantages of the business firm.

6 0

3 years ago

FL Systems Inc. and Oryxo Systems Inc. are two competing firms. FL Systems Inc. has $300,000 in tangible assets and $200,000 in

BartSMP [9]

Answer:

C

Explanation:

Based on the scenario being described within the question it can be said that FL Systems Inc. will find it harder than Oryxo Systems Inc. to attain competitive advantage. This is mainly due to the fact that FL Systems Inc. has a large percentage of their money locked in intangible assets. These are assets that cannot be touched or physically used by the customers which makes it very difficult for customers to see the potential value which ultimately hurts their competitive advantage.

8 0

3 years ago

Todco planned to produce 3,000 units of its single product, Teragram, during November. The standard specifications for one unit

Brums [2.3K]

Answer:

(A) the actual cost of materials was less than the standard cost.

Explanation:

Since actual production was 3,100 units we shall calculate standard cost for such product

standard cost of material per unit = 6 pounds for $0.30 per pound = $1.8 per unit

Cost for 3,100 units = 3,100 $\times$ $1.8 = $5,580

Favorable material purchase price variance = $380 favorable

which means actual price was less than standard price,

Unfavorable material quantity variance of $120 means actual quantity used is more than standard quantity.

Material Quantity Variance = (Standard Quantity - Actual Quantity) $\times$ Standard Price

Standard Quantity = 3,100 $\times$ 6 = 18,600

- 120 = (18,600 - AQ) $\times$ $0.3

-120/0.3 = 18,600 - AQ

-400 = 18,600 - AQ

AQ = 18,600 + 400 = 19,000 units

Using material price variance, we have

$380 = ($0.3 - AP) $\times$ 19,000

$380/19,000 = $0.3 - AP

$0.02 = $0.3 - AP

AP = $0.3 - $0.02 = $0.28

Therefore Actual Cost = 19,000 $\times$ $0.28 = $5,320

Standard Cost = $5,580

Therefore correct statement is

(A) the actual cost of materials was less than the standard cost.

4 0

3 years ago

The Callie Company has provided the following information: Operating expenses were $244,000; Cost of goods sold was $378,000; Ne

creativ13 [48]

Answer:

Callie's Gross Profit is $562000

Explanation:

Gross profit is the profit earned by a business after deducting the costs associated with producing or selling its goods (for manufacturing and trading businesses) or the costs associated with providing the services (for service businesses) from the net revenue.

It is the profit from the trading section of the business before deducting the operating and financing expenses of the business and before adding any other income.

The gross profit is simply calculated as follows,

Gross Profit = Net Revenue - Cost of Goods Sold

Callie's gross profit = 940000 - 378000

Callie's Gross Profit = 562000

6 0

3 years ago

To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes

vredina [299]

To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by adjusting entries.

<h3 /><h3>What is adjusting entry?</h3>

An adjusting entry is the entry that is posted after the posting of all the journal entries for a period, all the transactions are posted and then at the end of the period the adjusting entry is recorded.

The adjusting entry balances and effects the balance of the assets, liabilities, revenue and expenditure at the end of the period.

Adjusting entry is also posted when the reversing effect of the journal entry is to be posted and this results in the change of the account balances of assets and liabilities of the company.

The balance sheet and income statement is prepared after the posting of journal and adjusting entries.

Learn more about adjusting entry at brainly.com/question/27274229

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5 0

2 years ago