Answer: an entrepreneur
Explanation: An entrepreneur refers to a person who have an extensive knowledge about the industry that is enough to grab the opportunities that arise. These are the people that are smart enough to do every activity in a different way which is better and smarter.
In the given case, even after the failure of the initial objective of the process the company used the failed research for their advantage. This was possible because they had knowledge about the industry and the needs of the consumers.
Hence from the above we can conclude that the correct answer is entrepreneur.
Answer:
Both of these must be included in the gross income.
Explanation:
The reason is that the employee income that is taxable includes all the benefits in monetary amount and benefits in kind. These benefits are paid to employee as a share of salary to manage his motivation. These incomes must be included in the gross income to calculate his gross income.
<span>This is an example of "Virtual organization".
A virtual organization is an association including disengaged and disseminated entities varying from representatives to whole enterprises, and requiring data innovation to help their work and correspondence. Virtual organizations don't represent an association's attribute yet can be considered as an alternate organizational form.
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Answer:
a. $612
b. $2,480
Explanation:
a. Overhead is applied at a rate of $12 per direct labor hour.
Overhead applied would therefore be;
= 12 * total labor hours
= 12 * 51
= $612
b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead
= 978 + 890 + 612
= $2,480
Answer:
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Explanation:
