Answer: environmental scanning
Explanation: In simple words, environmental scanning refers to the process in which an organisation tries to gather maximum information by an event and interpret its relationship with the external and internal environment of the entity.
This process in usually done by the top management for estimating future that if there will be any opportunities to grab or any threats to be concerned about.
Hence from the above we can conclude that the given case depicts environmental scanning.
A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is $500 and his average revenue is $5 .it cannot change its quantity of output.
Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.
The amount made per unit of output is referred to as average revenue. In other words, it is the money the seller makes from each commodity unit that is sold. Divide the entire revenue by the total output to get the average revenue for a company.
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Answer:
$5,800
Explanation:
Calculation to prepare a December income statement for Hawkin.
INCOME STATEMENT
Revenues:
Services revenue $16,000
Expenses:
Rent expense $1500
Wages expense $8000
Utilities expense $700
Total expenses $10200
Net income $5800
($16,000-$10,200)
Therefore December income statement for Hawkin is $5,800
Answer:
The dual labor market is related to a theory which is divided into two parts: Primary sector/ market and Secondary sector/market.
Explanation:
The dual labor market hypothesis is divided into two sectors: Primary market and secondary market.
The primary market consists of various jobs that focus on offering a good working environment, stability in job, various opportunities, and high wages.
The secondary market consists of a poor working environment, low changes of advancement, high labor turnover, and low wages.