Answer:
The correct answer is: regulatory review, Executive Office of the President
Explanation:
In the US this refers to the processes used by Congress, the president and the courts to oversee the rules, regulations and other policies issued by federal agencies. The regulatory review may involve an examination of the content or effect of a rule, its estimated economic costs and benefits, or the adherence of the rule and the regulatory agency to the procedural requirements. The retrospective regulatory review, a type of regulatory review, is used to determine whether existing regulations should be retained, modified or repealed.
Explanation:
Business process can be defined as the series of interlinked activities starting right from making of a product to delivering that product to the customers. An organisation's success depends on its business processes that how effectively and efficiently they are performed to achieve business goals while remaining profitable.
Organisations takes some inputs, process them into final outputs. Inputs could be in the form of information, raw material etc, while outputs are the final products.
Managers needs to understand the process view because he should have complete knowledge of all the processes of an organisation. If they have this knowledge then they can easily evaluate, analyse, and modify the processes only and if they have deep insights about them.
For example: Manager working in KFC, should have knowledge about all the manufacturing, taking orders, serving customers and then taking feedback from them. Manager can only be effective if he has knowledge and he can understand and make them happen efficiently.
Answer:
Marginal utility is the benefit of consuming additional unit of a product and it is inversely proportional to price.
Explanation:
Utility is the satisfaction derived from consuming a particular product.
As consumption continues, marginal utility is the benefit of consuming additional units of the product. Marginal utility reduces as consumption increases.
So the consumer is less willing to buy at current price. However the consumer will be more willing to buy more at a reduced price.
The campus bookstore is using the knowledge of this by selling the first mu for $10 and subsequent one for $6. The consumer will still be willing to buy at the reduced price.
Answer:
a. $283,140
Explanation:
equivalent units: complete untis + percentage of completion ending units
(notice there is no beginning inventory)
18,000 complete + 2,000 x 100% = 20,000 materials
18,000 complete + 2,000 x 30% = 18,600 conversion cost
equivalent cost: 100,000 / 20,000 = 5
conversion cost: (142,300 + 57,200) / 18,600 = 10,72580 = 10.73
total unit cost: 15.73
transferred-out units: 18,000 x 15.73 = 283.140
Answer:
acquisition
Merger
Explanation:
Acquisition is when a company purchases almost all the shares of another company in order to have full control over it. For companies that are distressed or are not able to operate as a going concern, such can put up the company for sale.
In acquisition, the buying company oftentimes retain its name which is already a brand , work and build on the strength of the old company in order to achieve returns. Companies acquire other companies in order to have large market shares and also to diversify their business operation.
One of the benefit of acquisition is that it gives room for fresh ideas due to coming together of different people and also brings people that are experts in their various fields.
Merger is when two or more firms comes together to form a single entity.
Companies or firm merge in order to form an alliance and also send strong signals to other competitors.
Firms also merge in order to increase their financial capacity. This will enable them to be able to finance their business operations. They are also able to increase their asset base as a result of the merger.