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3 years ago

What is the difference between Absolute Advantage and Compartive Advantage?

Business

1 answer:

Kitty [74]3 years ago

3 0

Answer: See explanation

Explanation:

Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.

Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.

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PLEASE ANSWER THEY ARENT HARD I JUST DONT HAVE TIME

Elanso [62]

Answer:

1. 700 is a good credit score but has lots of room for improvement.

2. Experian's change in criteria will benifit those who have little to no credit history as well as those who have poor credit history with credit cards and loan payments, but have paid rent monthly with little to no issues.

3. A 599 credit score is bad. Because of their credit score, consumers with this rating are likely going to struggle to be approved for future lines of credit or be charged high interest rates.

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3 years ago

What challenges do organizations face as they attempt to integrate different activities and organizations across the supply chai

Dimas [21]

Answer:

Explanation:

The supply chain or logistics network is the name given to the entire system of organizations, people, technology, activities, and resources within the process that encompass the movement (s) of the product (s) or service (s) from the supplier to the customer. In the process of supply chain activities, natural resources, raw materials and components are turned into final products and delivered to the end customer. Theoretically, in the supply chain system, used products can re-enter the supply chain at any point where residual value recycling is appropriate. Supply chains are linked to value chains. Typically, the supply chain begins with environmental and biological regulation of natural resources, continues with human extraction of raw materials, and includes many production rings (eg part configuration, assembly, and assembly) before storage, remote geographic locations and finally reaching the customer. Many of the changes in the supply chain occur between different companies. These companies strive to maximize their income among companies of the same class, but they do not know much about other players in the supply chains. Recently, this loosely matched, self-organizing business network, collaborating to provide services and products, has become known as "Enlarged Enterprise".

Supply chain integration focuses on two key issues (compliance and communication) both within the organization and between organizations.

1. Alignment refers to shared vision, goals, goals and objectives between organizations, functions and processes within the supply chain. Alignment provides consistency in direction and objectives when making these plans and decisions.

2. Connection means the transfer and sharing of information that is involved in planning and decision-making and is required for planning and decision-making. The connection ensures the availability of information required for decision-making and the different functions and assets in the supply chain work with the same information as the decisions made.

3. Supply chain alignment and connection do not occur in vacuum. Supply chain management is part of a wider business administration and should support a wider business strategy.

4. The Business Strategy defines how a company plans to compete in the markets or market segments it pursues. Generally, a firm can compete for a lower price or by differentiation. Supply chains can contribute significantly to both goals. However, different business strategies can best be supported by different supply chains and supply chain management decisions. A business strategy based on innovation speed and fast market time will require a different supplier network than a strategy based on low costs, different production infrastructure and different distribution infrastructure. For this reason, it is very important that the strategies followed and the decisions of the supply chain team are consistent and consistent with the overall business strategy.

8 0

3 years ago

The leader must believe that workers should be treated as honorable individuals, justly rewarded, encouraged in their own progre

svetoff [14.1K]

The appropriate response is a Clarence Francis. Mr. Francis resigned as executive of General Foods in 1954 following 30 years with the organization and 44 years in the nourishment business. I've been a prune merchant all my grown-up life,'' he once said. He proceeded as a board individual from General Foods until 1960, when he was selected an executive emeritus. Partners said he kept going to his office at 230 Park Avenue at any rate once every week until last June.

7 0

4 years ago

Carla Company’s ledger shows the following balances on December 31, 2020. 7% Preferred Stock—$10 par value, outstanding 21,700 s

Sladkaya [172]

Answer:

preferred dividends = $30380

Common stock = $ 335620

Explanation:

Dividends 366000

preferred 7% * 217000= $15190 *2 years = $30 380

common stock = $335620

The total dividend declared is 366000 and preferred is 15190 per year but it is cumulative so we add the year that was in arrears so to get total dividend for preferred stock then we deduct the preferred from total dividend declared to get common stock's dividend.

8 0

3 years ago

Variable overhead is applied based on direct labor hours. The variable overhead rate is $220 per direct-labor hour. The fixed ov

Dmitriy789 [7]

Answer:

Missing word at inception of the question "Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell 140000 liters at a budgeted price of $375 per liter this year. The standard direct cost sheet for one liter of preservative follows: Direct materials (2 pounds at $24) $48 Direct labor (0.5 hours at $64) $32"

a . Direct Material Price Variance = (Actual Qty * Std. Price) - (Actual Qty * Actual Price)

= (216,000 * $24) - ($ 5,268,000)

= $5,184,000 - $5,268,000

= $84,000 U

Direct Material Efficiency Variance = (Actual Qty - Std. Qty) * Std. Price

= (216,000 – 280,000) * $24

= -64,000 * $24

= $1,536,000 U

b. Direct Labor Price Variance = (Actual Hrs * Std. Rate) - (Actual Hrs * Actual Rate)

= (60,400 * $ 64) - ($ 4,010,000)

= $3,865,600 - $4,010,000

= $144,400 U

Direct Labor Efficiency Variance = Std. Rate *(Std. Hrs - Actual Hrs)

= $ 64 * (70,000 - 60,400)

= $614,400 F

c. Variable OH Price Variance = (Std. Hrs * Std. Rate) - (Actual Variable OH)

= (70,000 * $220) - 1,398,000

= $ 15,400,000 - $13,980,000

= $1,420,000 F

Variable OH Efficiency Variance = (Std. Hrs - Actual Hrs) * Std. Rate

= (70,000 - 60,400) × $ 220

= $2,112,000 F

Workings

Standard Qty = 140,000 litres × 2 Pound per litre = 280,000 pounds

Standard Hrs = 140,000 litres × 0.5 hrs per litre = 70,000 hrs

6 0

3 years ago