Answer:
A. $518,000
Explanation:
The computation of the sunk cost is shown below:
= Purchase value of the machine that buys 7 years ago
= $518,000
As sunk cost is the cost that already spent and not relevant for decision making
So according to the given options, the first option is correct
Answer:
D) the use of terms "light" and "natural" are allowed on labels only in the United States.
Explanation:
As the term "light" has a dictionary meaning of a very low in weight as compared to similar products in the market, is a very basic term to define the nature of product.
No labelling regulator has claimed that this kind of labelling is only allowed in the United States.
Further, the dictionary meaning of the word "natural" with respect to products shall mean, one that is not composed of high chemicals or transformation, but the major essence is extracted from the nature, i.e. from the environment.
Thus, the word natural can again be used by any country to label their product and in no manner is restricted to the United States.
Answer:
E. None, i.e., all of the above are true.
Explanation:
A. Services tend to have higher customer interaction than goods.
B. Most goods are common to many customers; services are often unique to the final customer. C. Services tend to have a more inconsistent product definition than goods.
D. Tangible goods are generally produced and consumed simultaneously; services are not.
E. None, i.e., all of the above are true.
All of the above are true
Answer:
Laissez-faire
Explanation:
A non-authoritarian leadership style. Laissez faire leaders try to give the least possible guidance to subordinates, and try to achieve control through less obvious means. They believe that people excel when they are left alone to respond to their responsibilities and obligations in their own ways
True statements:
Economic stability means fair distribution of goods in an economy
Full employment is a macroeconomic goal
Inflation is a rise in the prices of goods & services.
Hope this helps :)
