Answer and Explanation:
The computation is shown below:
a) Total Cost
= Fixed Cost + Variable Cost
= 2000 + 250 × 1000 + 420 × 1000 + 620 × 1000 + 810 × 2000
= $29,12,000
b) Total Revenue is
= Price × Quantity
= 650 × 5000
= $3,250,000
c) Profit is
= Total Revenue- Total Cost
= $3,250,000 - $2,912,000
= $338,000
Answer:
Unilateral Mistake
Explanation:
In a contract between two parties, a unilateral mistake occurs when one party in the contract makes a mistake regarding cost, the definition of a term or word, or measurement. The outcome of such a mistake is usually a conflict between the two parties. To resolve this problem, the contract could be canceled (if the other party becomes aware of the mistake), or reformed (if only one party is aware of the mistake).
When Mark made a mistake about the cost of building the house for David, he made a unilateral mistake as the mistake was committed by him alone. David's refusal of the amended cost is resulting in a conflict that would likely lead to the cancellation of the contract.
Answer:
The correct answer is letter "B": The decisions you make are constantly changing with imperfect information available.
Explanation:
Decision-making is complicated to be made through programmed systems because there are several variables to be considered in the process. The most important is that businesses are subject to <em>changes in the market that can happen suddenly</em>, meaning what could work today might not tomorrow.
Besides, the information entered in the system must be perfect to obtain an accurate outcome. However, decision-making is based on data that can be precise like the information portrayed in the financial books of the firm but<em> if there is a mistake committed, even if minimal, the programmed decision could fail.</em>
Answer:
The correct answer is: Departmentalization.
Explanation:
Departmentalization is the process of dividing the company into different segments so each unit is focused on a specific task but all of them are interconnected with the company somehow. Departmentalization arises as long as the firm grows. The disadvantage is that departmentalization creates more managerial areas that make the organization less flexible.
