Answer:
<em>practicality</em>
Explanation:
Practicality can generally be described as the the real facts or details of a situation rather than focusing on ideas or theories.
Instead of assuming things, Kathleen, the manager is actual trying to look whether the company has enough resources as well as the caliber to make a product. Such an approach in the field of business is termed as practicality as the person depends on facts rather than theories or assumptions.
Calculate the sample proportion (198 yes responses out of 316).
We want to test against a sample size of n = 2200 daily passengers.
In order to use the normal distribution, we should satisfy
2200*0.6266 = 1378.5
2200*(1-0.6266) = 821.5
We may use the normal distribution.
Let us use a 95% confidence interval.
The estimate for the population proportion is
where z* = 1.96 at the 95% confidence level.
Therefore
p = 0.6266 +/-0.0202 = (0.6064, 0.6468)
Answer:
At the 95% confidence level, about 60% to 64% of regular passengers will buy snacks on the train.
Answer:
$
Material used 2,500
Direct labour 5,000
Overhead applied 200
Cost of goods sold 7,700
Explanation:
The overhead applied is the difference between cost of goods sold and cost of material used and direct labour. The cost of goods sold is $7,700 while the cost of material and labour is $7,500. The difference of $200 represents the overhead applied.
In this scenario, Blue Tech Inc.'s failure can be best attributed to <u>"Time compression diseconomies."</u>
We accept time compression diseconomies where the snappier a firm builds up the asset, the higher the improvement cost. We demonstrate that time compression diseconomies normally offer ascent to asset heterogeneity and henceforth upper hand in that one firm builds up the asset quicker than the other. We evaluate the supportability of the upper hand, determine conditions
under which the asset is "incomparable" and demonstrate that firm benefits are nonmonotonic in the degree of time compression diseconomies.
Answer:
b) False
Explanation:
Retailers can be defined as an agent of the distribution of goods and services from the wholesaler to the end users or consumers.
This ultimately implies that, the retailers often buy directly from the wholesaler and sells directly to the end users or consumers and as such, retailers are not saddled with the responsibility of buying these goods in larger quantities and storing in a warehouse as compared with a wholesaler who buys and stores in the warehouse.
Hence, warehouses are generally not one of the most expensive rental facilities for a retail business.
