The answer to the question is (C) how changing circumstances may affect the business and how the business model can be adjusted to cope with them.
Business model is defined as a model that a business uses to determine how it plans to generate revenue and in turn, profit. Another term for business model is profitability model. Thus business model risk implies risk management principles that are applied on business model contexts.
Answer:
a, The depreciable cost when using the straight line method is;
= Cost of asset - Residual value
= 70,700 - 4,200
= $66,500
b. As the rate is uniform over the life of the asset, the rate is 100% divided by the life of the asset.
= 100%/5
= 20%
c. Annual depreciation will therefore be;
= Depreciation rate * depreciable cost
= 20% * 66,500
= $13,300
<span> Manufacturing overhead describes the difference between manufacturing overhead cost applied to work in process and manufacturing overhead cost actually incurred during a period.</span>
Over-applied manufacturing overhead would result if the manufacturing overhead cost applied to work in process is more than the manufacturing overhead cost actually incurred during a period. So, in over-applied overhead the applied overhead is bigger than the actual overhead.
Answer:
The correct answer is letter "B": Bell Labs.
Explanation:
Patents are rights granted to creators over their inventions. This provision makes sure others will not imitate or exploit the invention since only the creator has the right to do so. <em>When someone develops a creation within a company in full use of the time and resources of the company as part of the individual's duties, </em><u><em>the patent will belong to the company</em></u>.
Most entities have clear specifications in regards to this topic in their employees' contracts. Though, the individual developing the creation can always be mentioned as the inventor.
<span>Correct answer is "C". An opportunity cost is the the loss of the next best alternative when one alternative is chose. If two choices are mutually exclusive (you can have one but not the other), then choosing one means the loss of the other activity is the opportunity cost. Opportunity cost is not merely the money or financial cost difference between two options (choice b) but also covers the lost time (option d) or pleasure (option a) as another option may provide more of either (therefore having increased utility).</span>