Answer:
Letter B is correct.<u> Method of authotity.</u>
Explanation:
The method of acquiring knowledge by authority is one of the most widespread ways of obtaining knowledge in society. It is characterized as the implementation and learning of a new idea or belief because some authority figure affirmed a certain concept as true, which ensures greater reliability. and acceptance. As examples of authorities, we can mention: doctors, teachers, bosses, government, parents and others.
But in an ideal scenario it is important to analyze what methods and sources the authority figures have determined for a conclusion about something, one should seek to exercise critical sense to rationalize the beliefs and decisions that are imposed as truth. .
Answer:
Operating leverage = 300 / 20 = 15.
Explanation:
A cost-accounting formula that measures the degree to which a firm or project can boost operating income by increasing revenue is referred to as Operating leverage.
A business that makes sales with a high gross margin and low variable costs has high operating leverage.
It is measured as a percent change in operating income /percentage change in sales.
Here sales have declined by 20% and operating income has declined by 300%.
Operating leverage = percentage change in operating income /percentage change in sales.
Operating leverage = 300 / 20 = 15.
Answer:
Stable, formal social structure that takes resources from the environment and processes them to produce outputs
Explanation:
The technical definition of an "organization", according to Laudon and Laudon, focused on three elements of an organization which are stable, formal and social structures.
In terms of longevity and routineness, an organization is more stable than an informal group. Organizations are formal legal entities with internal rules and procedures that must abide by laws. Organizations are also social structures because they are a collection of social elements.
Answer:
The correct answer is option A.
Explanation:
Consumer surplus can be defined as the difference between maximum price a consumer is willing to pay and the market price.
A binding floor refers to the price floor that is set below the equilibrium market price.
A price floor below the equilibrium market price will increase the difference between the maximum price the consumer is willing to pay and the price it has top actually pay.
Thus, it increases the consumer surplus.
Answer:
Let Sanguine Wines Ltd. refer to a hypothetical company for the purpose. Following would constitute Sanguine Wines Ltd's variable costs:
- Raw Material or input prices: The raw material or inputs of sanguine wines limited purchases from suppliers such as dried grapes, sugar and the likes. The price of such inputs is prone to seasonal fluctuation and thus variable
- The performance related incentive for employees for number of bottles of wine created, would be variable cost as it would vary with the no of bottles produced.
- Discount allowed to distributors which varies based upon the number of bottles purchased by them.
- Commission paid to wine salesperson which varies with respect to bottles sold.