Answer:False
Explanation:It is not obvious which cost structure is better, both have advantages and disadvantages
False- without knowing the future, it is best to have a cost structure with high variable costs.
What is cost structure?The types and proportional distributions of fixed and variable costs that an organization incurs are referred to as cost structure. Smaller definitions of the notion are possible, for example, for each product, service, product line, client, division, or geographical area. If you are utilizing a cost-based pricing approach, cost structure is used as a tool to calculate prices as well as to highlight areas in which expenses may be lowered or at the very least subjected to greater control. The cost structure notion is therefore exclusive to management accounting and does not apply to financial accounting.
The totality of the many fixed and variable cost kinds that go into a business' overall expenses is known as its cost structure. Cost structures are used by businesses to determine pricing and pinpoint areas where costs might be cut.
What is variable cost?A variable cost is an expense for the company that varies depending on how much is produced or sold. Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.
An expense that fluctuates in relation to production output or sales is referred to as a variable cost. Variable costs rise in response to rising production or sales, and fall in response to falling output or sales. Fixed costs, in contrast to variable costs, are unaffected by changes in production or sales volume.
Any business's overall expenses are made up of both variable and fixed costs. Sales or production output determine variable costs. Per unit produced, the variable cost of production is a fixed sum. Variable costs will rise as output and production volume do as well. On the other hand, the variable costs related to production will therefore go down if fewer products are created.
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10.Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industry
The service and quality is likely to be better in an industry dominated by perfectly competitive industry.
What takes place in a perfectly competitive industry?In a perfect competition, a lot of firms do produce identical products and also majority of the firms are known to be price-takers.
This industry is one where all firms have a a part of small market share and the buyers are said to know the nature of the product that is said to being sold.
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Which "unwritten" skill did the Harvard Business Review consider essential to being promoted on the job?
The skill that's considered essential to being promoted on the job is strategic thinking.
What is strategic thinking?Strategic thinking simply means a form of critical thinking. It simply has to do with seeing the bigger picture.
It is an unwritten skill that the Harvard Business Review consider essential to being promoted on the job. It's about putting thoughts to action.
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In a bank reconciliation, an outstanding check is ______.
Answer:
In a bank reconciliation, an outstanding check is ______. Deducted from the bank balance.
Mark Ghermizian had quit his job and was looking to start a small business so he could be his own boss. When he read that people spend up to fifteen minutes every day staring at a bathroom stall door, he decided he would find advertisers who wanted to pay to have their advertising messages on bathroom stall doors. Since he has his idea, Ghermizian's next step is to: ___________
a) determine if he has the right personality to run a business
b) choose a form of business organization
c) create a name for his business
d) get financing for his new business
e) create prototype ads
The choosing of form of business organization should be the next step of Ghermizian since he already has his business idea.
What are form of business organization?The form of business organization ranges from establishing a business in form of a sole proprietorship, partnership, corporation, Limited Liability Company etc
Hence, the next step of Ghermizian should be choosing of form of business organization.
Therefore, the Option B is the next step.
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Most careers do not require training or education beyond high school. Please select the best answer from the choices provided T F.
Answer:
F(false)
Explanation:
Most careers do not require training or education beyond high school. Hence, the answer is false. Hence option B is appropriate.
What is the meaning of the word career?Career is the most important thing, especially in the lives of individuals who try to achieve success in the long run. Career directly means the ways and means in which people all around are slowly being inducted or have sorted out something they want to do in their lives.
A career in simpler terms helps in the process of selecting a person's personal choice of anything he/she wants to pursue in life.
The word career has been also very much intriguing and also be used with the utmost by people. Without a career, a person can not move forward in his path to earn or also in their studies. Hence, option B is appropriate.
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What inventory management procedure helps a firm to control inventory costs?.
Just-in-time (JIT) inventory management is the procedure which helps a firm to control inventory costs.
What is Inventory?These are the goods and services which a company hold for the purpose of resale or production.
Just-in-time (JIT) inventory management helps companies to control inventory costs because raw materials are supplied according to production schedule thereby reducing risks such as dead stock etc.
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Answer:Implementing a just-in-time Inventory control Method.
Explanation:
Dell manufactures all the necessary components for its desktops and laptops. It assembles these components into basic computers that can be sold in stores and also assembles products to the exact specifications of customers. Dell is engaged in ______.
In the above scenario, Dell is engaged in mass customization.
Why is mass customization vital?Mass customization is known to be the act or a marketing and manufacturing method that is known to use the combination of the flexibility and personalization of custom made goods with the low unit costs that are linked with mass production.
Mass customization is known to be a useful marketing solution for getting and retaining consumers and creating a long term relationships with them.
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Which situation shows how a consumer's prior decision influences their future decisions within the same product category
The that shows how a consumer's prior decision influences their future decisions within the same product category is when a consumer joins a health club and needs to buy running shoes and athletic wear.
What are future decisions?Future decisions are those decisions that can be made by customer after a thorough examination of a particular product.
Then they can now make a decision whether to buy or not.
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According to the Bureau of Labor Statistics, how fast are jobs in the computer and information technology industry expected to grow? faster than average average slower than average little or no change.
Answer:
Faster than Average
Explanation:
Employment in computer and information technology occupations is projected to grow 13 percent from 2020 to 2030, faster than the average for all occupations. These occupations are projected to add about 667,600 new jobs.
Answer:
faster than average
a
Explanation:
What two words are repeated throughout the fbla-pbl creed?.
The two words are repeated throughout the fbla-pbl creed is: I believe.
What is fbla-pbl creed?Fbla-pbl creed which full meaning is Future Business Leaders Of America-Phi Beta Lambda is an organization which want everybody to have a good education as well as a great career path.
Fbla-pbl creed goals is to impact life and make the world a better place for people.
The word "I believe" was repeated throughout the fbla-pbl creed because the organization believe that everyone has the right to be educated.
Inconclusion the two words are repeated throughout the fbla-pbl creed is: I believe.
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True or false: The labor rate variance measures the productivity of direct labor. True false question. True False
Answer:
False because the labor rate variance reflects the difference between the actual and standard direct labor rates.
Peter Metcalf says that at Black Diamond, all of their employees have a passion for outdoor activities. At their Asian facility, they asked new employees to learn to rappel off the roof of the facility, and they do weekend hiking events. These activities serve to increase the: _________
Since the employees are asked to learn to rappel off the roof of the facility, then, these activities serve to increase the cognitive component of their cultural intelligence.
What is the cognitive component & cultural intelligence?The cognitive component deals with the ability to think while the cultural intelligence entails skill to relate and work effectively in culturally diverse situations
In conclusion, because the employees are asked to learn to rappel off the roof of the facility, then, these activities serve to increase the cognitive component of their cultural intelligence.
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Explain the importance of a business storefront as an element of visual merchandising.
Answer:
Visual merchandising makes retail spaces more attractive and pleasing for customers, entices foot traffic, and encourages impulse buying.
Explanation:
Visual merchandising makes retail spaces more attractive and pleasing for customers, entices foot traffic, and encourages impulse buying. ... Visual merchandising encourages consumers to buy from your store. This will enhance sales and boost repeat sales.
Which activity would most likely damage your credit report?
A. Having several credit cards, but never using them
B. Staying in the same job for several years
C. Not applying for any credit cards
D. Paying all of your bills on time
Answer:
the answer is a
Consider a piece of machinery that is still in use and highly productive. A(n) would say that that machine should not be counted in depreciation because it is still part of the productive process.
If a piece of machinery is still in use and still productive, the person who would say it should not be counted in depreciation is an Economist.
Why would an economist say this?In economics, an asset should only be depreciated when it can no longer produce goods and services.
In this case, the asset is till producing and is still very much in use. An economist would therefore recommend against counting this machinery in depreciation.
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what is the purpose of the trade union?
A business model in which companies can obtain a large part of their revenues by selling a small number of units from among almost unlimited choice is referred to as
A business model in which companies can obtain a large part of their revenues by selling a small number of units from among almost unlimited choice is referred to as long tail.
What is a long tail?The long tail is known to be a business strategy that gives room for firms to realize good profits by selling low volumes of hard-to-find items to a lot of customers.
Long tail keywords are known to be a phrases with words that have longer counts.
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majority shareholding corporate governance (underhanded agreement)
According to corporate governance parlance, an underhanded agreement is a contract executed by one person as authorized by the Board of Directors.
What is majority shareholding?Majority shareholding refers to ownership of an entity by a person or entity that controls more than 50% of a company's shares. A majority shareholder can exercise significant influence over the company with their voting shares.
How do majority shareholding and corporate governance relate?Corporate governance provides the policies and rules for managing a corporation in the best interest of shareholders.
Corporate governance also requires the interests of minority shareholders to be taken into account in decision-making, thereby frowning at some underhanded agreements.
Thus, it is possible for those charged with corporate government (the board of directors) to facilitate underhanded agreements for the majority shareholders. But this practice runs against the ethics of corporate governance.
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in which type of political system would you expect a person to live in grinding poverty for years
Cristal’s gross semimonthly salary is $2968. 50. What is the maximum amount she can afford to borrow for a home mortgage?.
Based on Cristal's gross semimonthly salary, the maximum mortgage she can borrow is $142,488
What is the maximum mortgage that can be borrowed?This can be found by the formula:
= Gross semimonthly salary x 24 x 2
Solving gives:
= 2,968.50 x 24 x 2
= $142,488
In conclusion, she can borrow $142,488.
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Lucia is responsible for establishing a confidential service that employees can use to question if a practice is unethical and she also makes sure the company complies with government laws and regulations. Lucia is an example of a(n) _____.
Answer:
ethics officer
Explanation:
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Benny's Baos had an edge in the market, but other companies began to enter the market. Benny is now losing customers even though he has launched an aggressive marketing campaign in an attempt to attract customers. Benny's Baos is likely in the ______ stage of the industry life cycle.
Since the company is losing customers despite aggressive marketing campaign, then, it is most likely in the decline stage of the industry life cycle
What is an industry life cycle?The industry life cycle is a cycle that depict the an industry based based on the business characteristics in different phases.
The phases of the industry life cycle includes:
introductiongrowthmaturitydecline stages.In conclusion, because the company is losing customers despite aggressive marketing campaign, then, it is most likely in the decline stage of the industry life cycle.
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Firms that can employ and establish _________________, are more likely to protect their competitive advantage from being copied and/or eroding away. Group of answer choices isolating mechanisms key human capital cash equivalents a strong competitor response
It should be noted that Firms that can employ and establish isolating mechanisms are more likely to protect their competitive advantage.
What is Isolating mechanisms?
Isolating mechanisms serves as the ways in which groups of individuals become separated for long enough to have different perspective.
With Isolating mechanisms a firm can protect their competitive advantage from being copied and/or eroding away.
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How did some of your initial decisions (job, health insurance, where to live) impact the rest of your month in ways you did not expect?
Our initial decisions in the job, health insurance, or where to live either have a positive impact or negative impact on our overall health status to the rest of the months in a way we did not expect.
What are Decisions?Decision-making is defined in psychology as the intellectual and mental process that leads to the choosing of a belief or a plan of action from among multiple available alternatives.
However, our initial decision, i.e. our first decision in deciding
The kind of job we chose, Our health insurance,Where to live,Has either a positive or negative impact on our overall health and mental status for the rest of the months in a way we did not expect.
This is because if we engage in a job we did not like to do or the gross income is low, it will affect the rest of our natural life negatively.
Similarly, if the place we chose to reside is far away from our workplace, the stress might be too much during the process of getting down to the workplace.
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Answer:
it impact cause it will be frustraded and sometimes proud.
Explanation:
Goods sold to Seema for Rs. 4,000 and received Rs. 1,000 as partial payment.
Dow CEO Jim Fitterling mentions a(n) _____ in support of companies' efforts to remove plastic waste from the oceans.
In order for companies to remove plastic waste from the oceans, an alliance was mentioned.
What is an alliance?An alliance simply means a form of agreement between two or more entities to achieve a common goal.
Dow CEO Jim Fitterling mentions an alliance in support of companies' efforts to remove plastic waste from the oceans. This was vital to help reduce pollution.
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Cathlene runs a cake shop. Her primary goal is to set up the largest chain of cake shops in the city. Another goal of Cathlene's is to sell 400 cakes in December. In this scenario, Cathlene's goal of selling 400 cakes in December is an example of a _____.
Based on the given scenario, we can see that because Cathlene runs a cake shop and wants to achieve her primary goal through the use of smaller goals is known as:
Proximal GoalWhat is Proximal Goal?This refers to the use of smaller goals to try and achieve a short target as they can be achieved in a short time frame.
With this in mind, we can see that the use of smaller goals to produce 400 cakes in December by Cathlene is known as the use of proximal goal because it can be done in a short period of time.
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T/F: The efficiency of a multi-step process is always greater than the efficiency of its least efficient component. true false
It should be noted that efficiency of a multi-step process is always greater than the efficiency of its least efficient component.
What is multi-step process?multi-step process can be regarded as the process involving series of steps as well as components so that high efficiency can be achieved.
In a multi-step process, there is usually a capital intensive in getting the components together but the output is more reliable.
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The ending balances for an accounting period become the beginning balances of the subsequent accounting period. This statement is:.
It is true that ending balances for an accounting period become the beginning balances of the subsequent accounting period.
Why is this statement true?In accounting, a financial record is prepared on annual base, hence, the ending balance for a particular year will be carry forward for preparation of subsequent year account.
In conclusion, It is true that ending balances for an accounting period become the beginning balances of the subsequent accounting period.
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Harper Electronics Corp. was forced to pay off the government representative of the foreign country before Harper Electronics was allowed to do business there. Which type of factor affected the company's cost of doing business
The factor that affected the company's cost of doing business based on having to pay a government official off is a Political factor.
What are political factors affecting business?These relate to the impact of the government of a nation on a business venture. Includes taxes, relevant laws, and payments to the government.Paying off the government of a nation to engage in business therefore falls under the political factor because it involves dealing with the government of the nation.
In conclusion, this is the political factor.
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