<span>Management by exception holds that only those issues that are significantly deviating from the normal course of action need to be looked at. If the deviations are minor or are likely due to random chance, then management does not need to worry about it at the time. None of the choices presented properly give this definition.</span>
Answer:
Option (b) is correct.
Explanation:
Sale value of the merchandise = $74,900
Sales tax liability = $74,900 × (7% ÷ 107%)
= $4,900
Sale value prior to sales tax = $74,900 - $4,900
= $70,000
Sales tax @7% on $70,000 = $4,900
Hope the above calculation will clear the concept since the question clearly mention that
Calhoun Crockery sold merchandise; the total proceeds collected, including a 7% sales tax, amounted to $74,900.
This $74,900 includes 7% tax also it means that the collected proceed is 100% + 7% = 107%
which includes 7% tax liability.
Answer:
Vaporware
Explanation:
Vaporware is a product, which is generally software or hardware and it is announced in the public, however, it never got released nor it got cancelled or it missed the release date by many days. Vapor is used in the name to indicate that its advertisement is full of hot air with no substance. This issue been taken care to have fair competition in the industry.
In the given scenario, company choosing delay release until the bugs can be worked out is an example of Vaporware.
Answer:
b. are both considered by economists to be a part of production costs.
Explanation:
- The economic profits and the loss are the difference between the revenues that ate received form the sales of an output and cost of an input applied. These cost of the inputs and in the calculation of the both these costs are deduced from the revenue costs.
Answer:
The correct answer is Repetitive process.
Explanation:
Repetitive or series processes: those processes that produce items in large quantities, in bulk at regular intervals, where large quantities of homogeneous products are produced, such as the automotive, electronics, toys, food, etc.
Generally these processes are mechanized and even automated, the adjustments of the machines are scarce, the volumes are high, the labor force is little specialized and there is a permanent maintenance service.
