It’s the value of the next best alternative when a decision is made, so not the first desired choice, but the second one
Answer:
Demand for automobile workers will fall.
Explanation:
Companies are always looking for ways to reduce costs in the production profits, in order to raise revenue and profit.
Workers are form of factor of production known as labor, while machines, which make automation posssible, are another form of factor of production, known as capital.
If employing machines to automate the production process becomes cheaper than hiring workers, then, the firm will use more machines and hire less workers. This is simply because using machines is cheaper, and will likely raise profits.
<span>New managers are often surprised to find that things like supply chain problems, customers and meetings take up most of their time. Rather than the vision they have upon being promototwd of spending their time leading a team. This can often lead to an adjustment period where a recently hired manager will need to learn to better divide their time between focusing on the clerical process and customers while also keeping a balance where employees are managed.</span>
Answer:
d. $13.00
Explanation:
contributon margin = selling price - variable cost
sales price: $25 per unit
<u>list of variable cost:</u>
Direct mateirals 6.20
Direct labor 2.80
variable overhead 1.45
sales commisions 1.00
adminsitrative variable<u> 0.55 </u>
total variable cost 12.00
$25 selling price per unit - $12 variable cost per unit =
$13 contribution margin per unit
This is the amount each units "contributes" to ay the fixed cost and make a gain during the period.
Answer:
A) The use of both techniques ( i.e. questionnaire and Interview )
B) The sampling method should include an equal number of workers from each shift, this is to ensure that every shift's opinion is broadly covered.
Explanation:
A) The best approach in resolving this problem is the application of both questionnaires and interviews, this is because the questions will be covered in both the questionnaire and interview therefore a more detailed/accurate answer can be gotten by combining both processes
B) The sampling method should include an equal number of workers from each shift, this is to ensure that every shift's opinion is broadly covered.
