Answer:
A school treasurer handles the financial activities of a school district or similar institution. They often sit on the school board and are responsible for maintaining financial and accounting records. Job duties also include implementing budgets and keeping track of receipts. A career as a school treasurer often begins with experience in the education sector. Qualifications include a bachelor’s degree in education, accounting, or a related field
Answer:
b. uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching.
Explanation:
Resources refers to competitive and valuable assets, organizational processes, capabilities, information, attributes, and knowledge that are acquired, owned and controlled by an organization. These resources are classified into two (2) main categories;
1. Tangible resources: these are physical assets such as equipments, financial assets, plants, raw materials, inventory etc that are owned and controlled by an organization.
2. Intangible resources: these are assets that are abstract in nature such as knowledge, customer loyalty, skills, experience, stakeholders, patent, culture, buyer recognition etc.
Hence, a resource-based strategy uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching. This ultimately implies that, resource-based strategy avails a company the ability or opportunity to use their tangible and intangible assets to provide finished goods and services to meet the needs or wants of customers, as well as creating a competitive advantage over rivals in the same industry.
Answer:
$35 per hour
Explanation:
Data provided;
The John has 2 alternatives to choose from
Alternative 1 offers him $50 per hour
Alternative 2 offers him $35 per hour
John opts for the Alternative 1 i.e $50 per hour
Now,
The opportunity cost is given as the next high valued alternative and for the given question, we have the next high valued alternative of $35 per hour
Hence,
the opportunity cost of choosing the alternative 1 i.e job offering $50 per hour is $35 per hour
Answer:
She should stay open, because the revenue of from dog grooming ($30 per dog), is still high enough to cover her variable cost of $20 per dog, even though she is operating at a loss.
Explanation:
Profit = Revenue - Total costs
Total costs = Fixed costs + variable costs
Profit = $30 - $35 = -$5 per dog
This shows she is operating at a loss of $5 per dog.
If a company does not make enough revenue to cover its total costs, then it is operating at a loss.
However such a company must consider its variable cost before deciding whether to shut down.
A company should only shut down if it is unable to make enough revenue to cover its variable cost.
If a company is operating at a loss but can at least cover its variable cost, then it should stay open at least in the short run.
Answer: Option A
Explanation: In simple words, business plan refers to an outline of framework that guides an organisation regarding its operations in future.
Business plan helps the organisation and its employees to set the chain of activities they need to perform for achieving their goals. Business plans also helps to determine the amount of capital needed to finance the projects that further helps the organisation to seek outside funding.
Hence from the above we can conclude that the correct option is A.
