Answer:
people can perform more efficiently if they master just one task rather than all tasks.
Explanation:
Specialisation is the process by which a person becomes proficient at one particular ntask and in so doing they increase efficiency of production process.
In this scenario a single person performing the task can do one to three auto repairs per day. But if one person removed the old part, another person prepared the new part, and a third person installed the new part, they were able to complete up to twenty repairs per day.
That is an average of 20 ÷ 3= 6.667 per person per day.
This shows that people can perform more efficiently if they master just one task rather than all tasks.
Answer: True
Explanation:
The basic production strategies that are known for addressing planning problem are as follow:
1. Chase production strategy : The chase strategy is referred to as the idea that one organization is chasing demand that is set by market.
2. Level production strategy : Level strategy use tends to state that an organization will produce the commodities at constant rate irrespective of demand level.
3. Mixed production strategy : The mixed strategy tends to deal with several objectives at time, such as equating production to forecast-ed demand.
Answer:
The amount of amortization expense the lessee would record for the first year of the lease is $131,125.
Explanation:
Since the lease agreement provides for the transfer of title of the asset to the lessee at the end of the lease term, this implies that the calculation of the amount of amortization expense the lessee would record will be based on the economic life of the asset. Therefore, we have:
First year amortization expense = (Amount at which the asset is recorded - Fair value at the end of 8 years) / Economic life of the asset = ($1,040,000 - $135,000) / 8 = $131,125
<span>I would give excellent customer service to every customer that walks in so they will spread the word that this store has great service, this will bring in more customers that need parts. I would also recommend to the manager to market the store by offering free gifts if they spend 50 dollars or more, or give out some sort of incentives, maybe a punch card, if you get 10 punches, you can have 50% off your next order.</span>
Answer:
Option (B) is correct.
Explanation:
Given that,
Percentage increase in price = 5%
Percentage decrease in quantity demanded = 15%
Therefore,
= 3.0
Hence, elasticity of demand facing Billy Bob's Barber Shop is 3.0
