Answer:
That statement is true
Explanation:
In order to conduct a total cost analysis, a company need to calculate every single relevant cost that occurs within an operation or project from start to finish. From this, the company usually can find out about hidden costs that might occurs outside the initial plan.
The decision makers can use this options to make their decision in the future. If the total hidden cost is larger than ideal, they can either implement a new budgeting plan or implement policies that minimize the hidden cost.
Answer:
c) removing barriers to trade
Explanation:
removing barriers to trade is a goal of the globalization movement.
Answer:
8.08
Explanation:
Hi!
The income elasticity of demand is calculated by dividing the negative % change in demand by the % change in real income.
We calculate the negative % change in demand as:
19/20 = 0.95, a 95%
Then, the % change in real income as:
(34,000-30,000)/34,000 = 0.1176, an 11.76%
So the income elasticity of demand is:
0.95/0.1176 = 8.08
Hope it helps! :)
