Answer:
Capitalist approach to achieve the objectives, although currently the determined pressures that the approach should be socialist in the future
Explanation:
<em>Capitalism</em> is an economic and social system based on the means of production must be privately owned, the market serves as a mechanism to allocate specific resources efficiently and capital serves as a source for generating wealth.
On the contrary, <em>Socialism</em> is the theory, doctrine or social practice that promotes the public possession of the means of production and a collective and planned control of the economy for the general interest of society.
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Answer: Option A
Explanation: Outsourcing can be defined as a situation in which a company hires another company for performing some activities that are non core for the hiring companies.
For, example a company having business of making soft drink might outsource its advertising activity.
One problem with outsourcing is that it leads to no internal control of the hiring company's management on that particular activity, leading to high probability of fraud or failure.
Thus, if an activity needs internal control it should not be outsourced.
Answer: $24,000
Explanation:
Operating income under absorption costing:
= Sales - Cost of goods sold - Selling and admin expenses
Cost of goods sold = Variable production cost + Fixed production cost
= (61 * 1,000 units sold) + (32,000 / 1,500 units produced * 1,000 units sold)
= $82,333
Selling and admin expenses:
= Variable + Fixed
= (6 * 1,000) + 8,000
= $14,000
Operating income = (120 * 1,000) - 82,333 - 14,000
= $23,667
= $24,000
Answer:
b. Electricity usage over a 24 hour period
Explanation:
Seasonality pattern of demand refers to the want or desire for a good which fluctuates as per the seasonal requirements. For example the demand for air conditioners is most during summers and almost nil during winters.
In the given case, Electricity represents seasonal demand in the sense that during day time, when several tasks are to be performed which are dependent on electricity, the usage is most and such usage falls as one moves towards the evening.
Thus, electricity usage over a 24 hour period represents seasonality pattern of demand.
