Answer:
a. Direct materials
b. Direct labor
c. Variable overhead
d. Fixed overhead
Explanation:
The absorption costing is the costing in which the income statement should includes all types of production cost i.e. direct material cost, direct labor cost, variable overhead and the fixed overhead
So as per the given statement, all the four types of costing should be involved while preparing the income statement under the absorption costing
Hence, all 4 options should be considered
Answer: b. reduce taxes and cut back on some social programs
Explanation:
When the Economy is not doing well, Social programs are usually targeted as they usually take a lot of money from the Government's coffers.
It is also a generally held view that reducing taxes as a Fiscal policy can help stimulate the Economy by leaving the public with more funds to invest in and spend on the Economy.
The Government of Ruritania is therefore most likely to combine reducing Social programs as well as reducing taxes. This will have the effect of leaving the Government with some money as it loses revenue from taxes whilst also enabling the public to have more money to invest and to spend which will then lead to Economic growth.
Answer: (D) Industry convergence
Explanation:
The industry convergence is basically representing the fundamental growth in an organization and it basically helps in defining the various types of industries boundaries according to the business principle.
The industry convergence is the way for applying the knowledge by using the various types of technology related application in the industry.
According to the given question, the emergence of the smartphones industry with the different types of given application best illustrating the industry convergence concept.
Therefore, Option (D) is correct answer.
Answer:
The correct answer to the given above question is Zone of tolerance.
Explanation:
Zone of tolerance in simpler terms can be defined as the difference between a consumers desired level of service and the level of service a consumer considers adequate. This zone consists a range of various service performance that a consumer considers to be satisfactory. We can see this zone of tolerance when a consumer will stand in a line at a retail store , a consumer would be willing wait longer in the line if he or she thinks that product or service is valuable or a necessity to him and the waiting time would also depend on the type of store it is.
