Answer:
1. knowledge and skills that workers acquire through educaton, trining, and experience.
Explanation:
Human Capital means the source used for the production process in the form of human beings that is labours or staff members. They add to the profits of the company through helping the company in creating the goods and services.
It is the knowledge ,skills and experience of the workers or the labours which in return helps in creating the goods and services.
A company can make the best use of its human capital by investing money in providing education and training to the workers or the labours.
It also invovles the transformation of the people of the society into workers for the production process.
Answer:
b.direct materials of $47,248
Direct labor=$57,965
Variable Utilities=8,758
Supervisor salaries $14,600
Explanation:
Computation of flexible budget
FLEXIBLE BUDGET
Direct materials
$41,000/10,500*12,100
Direct materials= $47,248
Direct labor=50,300/10500*12100
Direct labor=$57,965
Variable Utilities
=7600/10500*12100
Variable Utilities=8,758
Supervisor salaries $14,600 Fixed cost
Answer:
Correct Answer:
4. minimizes total transportation costs.
Explanation:
When a good transportation method is applied, it helps in minimizing the transportation cost involved in moving goods and services from one location to another. <em>For example, it cost 2 million dollars to transport a particular product. With good transportation model, it would definitely be cheaper.</em>
Answer:
The answer is B.
Explanation:
Economic profit is the difference between total revenue and both explicit cost and implicit cost. i.e Total revenue - explicit cost - implicit cost.
Explicit cost is also known as accounting cost. They are the cost that are directly related to the production of goods and services while implicit cost is the opportunity cost of chosen to produce the goods and services.
In perfectly competitive market, firms continue to enter the when economic profit is still positive (with this, they are generating normal profit) but cease to enter when the profit drops to zero(with this, they are making loss)
So therefore, firms will enter until economic profits are zero.
Answer:
b. Fraud
Explanation:
The fraud is the wrongful act done by a person to gain a personal or financial profit. It is to be done intentionally.
Since in the given situation, the city intentionally mislabels its packaged products to hide a defect and after buying the product the dora suffers an injury
So in this case the city slick is liable for fraud as the company do this thing intentionally to generate a high profit
