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.
Answer:
1. This firm have the profit maximizing output level of 1400 units because a firm in any industry will maximize profit where MR=MC. Here MR is equal to MC at the output level of 1400. So profit maximizing level of output is 1400 units.
2. Economic profit = Total revenue - total cost.
Where, Total revenue = Quantity * price
= 1400 * 7
= $9,800
Total variable cost = AVC * quantity
= 6.50 *1400
= $9,100
Total fixed cost = AFC * quantity
= 0.80 * 1400
= $1,120
Economic profit = Total revenue - Total variable cost - Total fixed cost
Economic profit = $9,800 - $9,100 - $1,120
Economic profit = -$420
. The firm is having economic loss equal to 420.
Conclusion: This firm is facing economic loss in its output.
Answer:
The correct option is: C. laissez-faire leadership
Explanation:
Leadership style is defined as the method by which a leader provides directions, instructions, implement plans, and motivate the followers or members.
The laissez-faire leadership style is one of the six styles of leadership. In this leadership, all the responsibilities, power and rights to make decisions regarding the competition of work belongs to all the members of the group.
<u>Therefore, Lucas’s group is experiencing</u><u> laissez-faire leadership.</u>
Answer:
The answer is: Establish responsibilities.
Explanation:
Establishment of responsibility refers to a very basic characteristic of internal control, an employee is responsible for the task he is assigned to do.
For example, who is responsible for any money missing in the cash register? If both cashiers share the same cash register, how can you assign responsibilities.
