I believe it’s collateral sorry if it’s not.
If the marginal product for that employee is greater than for the previous employee hired, it must be that there are gains from specialization
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What is marginal product ?</h3>
- The marginal product or marginal physical productivity of an input (factor of production) in economics, and particularly neoclassical economics, is the change in output that results from using one more unit of a specific input (for example, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant.
- The marginal product is the mathematical derivative of the production function with respect to that input if the output and the input are infinitely divisible, in which case the marginal "units" are infinitesimal.
- When more of one input, such as labor, is used while maintaining a constant level of the other input, such as capital, the marginal product initially rises according to the "rule" of declining marginal returns.
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Flexible budgeting will show a change in the total of what fixed costs, variable costs and what revenues should have been at the actual level of activity.
Flexible budgeting differs from static budgeting in that it includes a leeway in organizational budgets according to production or sales in a given period.
This type of budget is prepared at the end of the accounting period and is used for organizational control purposes, as it allows for unforeseen situations that may occur in the micro or macro environment.
Therefore, flexible budgeting is used as a control instrument that considers costs as variables based on defined estimates.
Its main advantage is its greater flexibility and ability to keep budgets up to date.
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Answer:
The correct option is;
Revenues minus expenses
Explanation:
The Net Income (NI), of a business is calculated by first calculating the company's total revenue, then deducting from the calculated company's total revenue, the following items to find the earnings before tax;
1) Operating costs
2) Business expenses
3) Operating costs
The net income is then found by deducting the tax from the calculated net earnings.
The Net Income is also known as the bottom line of the business as it comes at the bottom line after subtracting the expenses, interests, taxes, from the total revenue.
Public relations uses tools such as annual reports, brochures, event sponsorship, and sponsorship of socially responsible programs.
Option E
<u>Explanation:
</u>
PR is a method to handle the information distribution between a person or an agency and the public purposefully. Public relations that such as the use of the subjects of public interest and news stories, which require no charge personally, to the agency or entity.
The participants in the PR are narrators. To further their goal, they build agendas. PR can be used by the newspapers, social media, or self-produced content to defend, improve or create reputations. A good PR specialist is trying to evaluate the company. They will identify the powerful messages. If the news is bad, the right response can be formulated and harm mitigated.
