Answer: In a majority vote, this proposal will most likely be accepted.
Explanation:
The cost of the proposed public goods is $1000, which will be shared equally among the 5 people. So, per person share on the provision of public good will be,
Since, Abby, Ben and Clara value the good more than the cost they will vote in favor of the provision. But Joe and Matt value it less than the cost so they will vote against the provision.
Value to Abby is $220 which is greater than $200.
Value to Ben is $210 which is greater than $200.
Value to Clara is $210 which is greater than $200.
Value to Joe is $180 which is less than $200.
]Value to Matt is $120 which is less than $200.
So since 3 people out of 5 vote in favor of the proposal, the public good will be provided.
Answer:
B) User
Explanation:
The user role in a buying center is performed by an employee who will actually use the product in his daily work activities. Many times buying processes start with the users requesting the purchase of some new technology or equipment. They are the most qualified member of the buying center team when it comes to evaluating what type of product they need and if the options can be suitable or not.
An ERP (enterprise resource planning) system is a software application that includes a centralized database and is used throughout a company. It enforces best practices through the software's business processes.
Enterprise Resource Planning (ERP) is business management software that enables a company to use a collection of interconnected applications. The ERP systems automate and simplify the operations, resulting in a leaner, more accurate and more efficient organization. ERP gives the unparalleled visibility into the main business activities.
ERP may integrate information and procedures in one location rather than managing each aspect of the firm with a separate system. This streamlines tasks, automates procedures, and allows all parts of the supply chain to work more efficiently.
As a result, an ERP (enterprise resource planning) system is a software program with a centralized database that is utilized throughout a business. It enforces best practices through the business operations of the program.
To know more about ERP click here:
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Answer:
The opportunity cost of each pipe and sunk cost of each pipe is $ 8 and $6 respectively.
Explanation:
Opportunity cost: The opportunity cost is that cost which gives the best alternatives options.
Sunk cost: The sunk cost is that cost which is incurred in the past and hence, not recovered in the future.
So, in the given question, the opportunity cost is $8 per pipe as it reflects new current price whereas, the sunk cost is $6 per pipe ($8 per pipe - $2 per pipe) that cannot be recovered in the future
