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2 years ago

Costs and benefits that should be ignored when making decisions are called ______ costs and benefits.

2 answers:

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The first step in making a choice is to define the issue at hand. When making judgments, related costs and benefits should be evaluated. When making judgments, extraneous costs and advantages should be overlooked.

notsponge [240]2 years ago

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Which of the following provides for a reduction in the employer's state unemployment tax rate based on the employer's experience

statuscvo [17]

Answer:

b.Experience-rating plan

Explanation:

Experience rating is a method of evaluating used by insurance providers to adjust premiums up or down. The rating reflects your previous loss experience. It is based on the presumption that your historical loss experience predicts your future loss experience. In other words, your future losses are likely to be similar to those you incurred in the past. The Experience Rating Plan is mandatory for all eligible insureds. Any action taken in any form to evade the application of an experience modification determined in accordance with this Plan is prohibited. The object of the Experience Rating Plan is to recognize the differences between individual insureds through the use of the individual insured's own loss experience. The experience rating process serves as a means of using a history of past losses to predict the future losses of an insured.

This is done by comparing the experience of an individual insured to the average insured in the same classification. Therefore, using the insured's past experience, the experience modification is determined by comparing the actual losses to expected losses. An insured with better than average experience will produce a credit experience modification factor, while an insured with worse than average experience will produce a debit experience modification factor. A credit experience modification factor, less than 1.00, results in a premium reduction. A debit experience modification factor, greater than 1.00, results in a premium increase. An experience modification factor of 1.00, or unity, does not change premium.

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3 years ago

The determination of the productivity of the inputs utilised in the manufacturing process is a critical component of management

Klio2033 [76]

The significance of Total product, Average product, and Marginal product is that they show how effective, and efficient a manufacturing process is.

<h3>How do these metrics show productivity?</h3>

Taking the labor component in production as an example, one can see the impact of these metrics.

The total product will show just how much goods and services in total that the given amount of labor was able to produce. This gives management an idea of the effectiveness of the labor in producing goods and services.

The average product then shows how efficient labor is because it gives an idea of the products produced per labor.

Marginal product is very important as well because it helps management to know when to stop hiring labor. This point will be the production level that sees the marginal product being less than the cost of hiring additional labor.

These three metrics are therefore important to management because they help to determine effectiveness, efficiency, and cost of production.

Find out more on marginal product at brainly.com/question/24698689.

7 0

2 years ago

What did Lonnie Johnson work on in the military

arlik [135]

Lonnie Johnson had an illustrious career as a nuclear engineer working on the Galileo space programme and the stealth bomber - but he is best known for creating a water pistol.

Hope this helped!

Good luck :p

~Emmy <3

5 0

3 years ago

Anish kapoor's to reflect an intimate part of the red represents:

Dafna1 [17]

Ancient religious structures

3 0

3 years ago

In the "Input Analysis" section of the spreadsheet model, calculate the correlations between the sales of each type of product a

rodikova [14]

Answer:

The correct formula will be :

=average(past event tab then col in that tab) use this for att, programs, food, and merch

=AVERAGE('Past Events'!C4:C103)

Explanation:

To calculate the correlation between the sales of each kind of product and event attendance, from the Input analysis part of the spreadsheet model.

According to the information provided, in the targeted cell, we will use formula

=Average(data cells)

and for other part of the question is to calculate sales. For this part we can simply use the sum formula, first, we will sum the sales for a single item in past events column than at the end of the past column.

Thus, the correct formula will be :

=average(past event tab then col in that tab) use this for att, programs, food, and merch

=AVERAGE('Past Events'!C4:C103)

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3 years ago