Answer:
A. A change in the price of good X.
Explanation:
A demand curve plots price against quantity demanded. A change in price causes a movement along the demand curve according to the law of demand which says an increase in price leads to a reduction in quantity demanded and a fall in price leads to a rise in quantity demanded.
If the price of a complementary good increases, the demand for good x would fall and the demand curve would shift leftwards.
If income increases, and good x is a normal good, the demand curve would shift to the right.
If a change in taste and preference is in favour for good x, more of good x would be demanded and the demand curve would shift to the right.
I hope my answer helps.
Answer:
$.49
Explanation:
In this question we have given
Cost of one burger=$3
Cost of fries=$1.5
Cost of drink=$2
Cost of value meal=$4.99
Therefore, marginal price of drink=cost of value meal-cost of fries and burger
=4.99-3-1.5
=$.49
Answer:
to increase the level of employee satisfaction
Explanation:
Redesigning a product or service does not necessarily have to do with improving employee satisfaction, but it would be great if it does it as a side effect.
Redesigning a product or service costs money, and usually a lot of money, so c company must perform a cost benefit analysis before doing so. The main reason why a company would carry out a redesign is simply to increase consumer demand and total sales. This is generally achieved by increasing the quality of the product or service, and therefore consumer satisfaction. It can also do it to lower production costs, which also increases profits.
Answer:
The overhead cost allocated to Totes is $11556 and option c is the correct answer
Explanation:
To allocate the overheads between products using a plant wide rate, we need to calculate the plant wide Overhead absorption rate (OAR). The OAR allocates overheads to each product based on the activity level consumed by each product.
OAR = Budgeted Overheads / Budgeted Absorption base
As the overhead absorption base is the direct labor cost, we first need to determine the total direct labor cost for both the products.
Direct labor cost = 64 * 350 + 51 * 530 = $49430
OAR = 25500 / 49430 = $0.5159 per direct labor cost of $1
Direct labor cost used by Totes = 64 * 350 = $22400
Overheads to be allocated to Totes = 22400 * 0.5159 = $11556.16 rounded off to $11556
Answer:
Option E. Ensure that performance standards are not vague.
Explanation:
Option E is correct because if the performance standards are not vague and are realistic then the evaluation will be more fair. It will also not demotivate the employees as they will be accepting what went wrong.
Option A is incorrect because we can use both subjective and objective performance indicators.
Option B is incorrect because ensuring less time to appraise the performance means that the appraiser hasn't acknowledged the full scenario hence the evaluation wasn't fair.
Option C is incorrect because distributive justice must be applied. As it helps in acknowleging what the organization has done wrong with the employees that has resulted in poor performance.
Option D is incorrect because if the performance indicators are not representative of tasks for which the person was accountable then the evaluation is not fair. I will be held accountable for things which I wasn't deligated responsibility. Hence employee must be accountable for the responsibility deligated.
