Answer:
c. a building would be a fixed resource in the short run.
Explanation:
A fixed resource is a factor of production that doesn't vary with output. E.g. building
A variable resource is a factor of production that varies with output. If output increases, variable resources increases. E.g. labour, cheese and other wholesale food items.
Output is what is produced. E.g. the food produced by the restaurant is the output.
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Answer: Business to Consumer (B2C)
Explanation:
The terminology business-to-consumer which is also known as B2C is referred to as the process or procedure of selling a product, commodity and services directly to the consumers who then are referred to as the end-users of the commodity or product or service. Most organizations or companies that tend to sell directly to a consumer can be further referred to as B2C organization or company.
Della, the sales manager, just informed her sales team that all sales in March will earn an extra 5 percent commission. The team gets right to work, being motivated by a extrinsic reward.
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What is extrinsic reward?</h3>
Employees typically receive extrinsic rewards in the form of monetary or tangible compensation, such as raises, bonuses, and benefits. They are extrinsic because they are unrelated to the completion of the work and are managed by people other than the employee.
Extrinsic rewards include monetary bonuses and additional days off from work. They are under the control of people other than you. Intrinsic rewards are intangible, psychological rewards that come from completing a task well.
Extrinsic motivation uses rewards or other incentives, such as praise, fame, or money, to motivate people to do certain things. Unlike intrinsic motivation, this type of motivation is driven by external factors. Extrinsic motivation is demonstrated by being paid to do a job.
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Answer:
Explanation:
Generally when a company makes a sale of its used assets like equipment, machinery, land etc, it computes the gain or loss on sale by reducing the current book value of the asset from the sale price. As we all know, Current book value of an asset is calculated by reducing the accumulated depreciation related to that asset from its acquisition cost.
GAAP requires the companies to carry the Asset accounts at Cost minus any sale/scrap and the wear and tear of the asset (depreciation) is accumulated in another separate account. The Asset Account is reported at its Book Value (Cost-Accm. Depreciation) in the Balance Sheet every year. Gain or loss on such assets is calculated by reducing the book value from its sale price
1). The four factors that would be involved in Fatima's bakery business would be:
- Land or the place where she would prepare and pack the cakes.
- Labor who would be involved in the production of the cakes.
- Capital that would be invested to incur the costs of the production.
- Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'
2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.
3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.
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