Emphasizing labor productivity in labor-intensive environments is not among the chief reasons organizations fail.
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Explanation:</u></h3>
Labor intensive production technique involves the usage of higher amount of labor for the production of goods and services. Here the other factors of production such as capital is used less compared to labor. When we are in a need of producing goods or services only at a small scale then we can opt for the Labor-intensive means of production.
For those organisation that has an environment to be of labor intensive then the process of using labor productivity will be appreciated for the success of the organisation. Focusing on the financial performance in short-term basis, over emphasis on the design of the product, poor communication in the internal organisation,not investing in capital and human resources are the reasons for the failure of many organisation.
Answer:
False
Explanation:
The company either provides a service to its clients and sell its goods to the customers so that it can accomplish their targets and can achieve a maximum share in the market
In the given situation, it is mentioned that the company either performed a service, sells inventory i.e purchase from others but this is a wrong statement as it provides a service and sells its goods but not perform a service
Hence, the given statement is false
Answer:
Check the explanation
Explanation:
Labor Input is an indicator the pointer characterizing the labor expressed expenditure in man-hours on a production of a particular consumer value or on a technical operation.
Total product is the total amount of output that a firm produces; it is usually stipulated in relation to a variable input.
Marginal Product is the physical efficiency or productive ability of an input in the change in output which results from employing one more unit of a particular input, presumptuous that the amounts of other inputs are kept constant.
Average Product is the amount of the overall output that was being produced per unit of a variable input, holding all other inputs at a constant rate.
The graphical solution to the question above can be seen in the attached image below.
Answer: (D) Advisory committee
Explanation:
The advisory committee is the type of committee in which the different suggestion, skills are the knowledge are carried out by the individual opinions in an organization.
According to the question, by using the advisory committee we present the problem of the city people to the manager of city so that they listen to our problem and suggest some effective way. The advisory committee basically providing the FDA that suggest or share some special knowledge and advice with the people.
Therefore, Option (D) is correct.
Answer:
See explanation section.
Explanation:
Journal entries
A. April 4, Account receivable Debit $5,000
Sales Revenue Credit $5,000
Note: As the seller uses periodic inventory system, the seller will deduct the discount only after meeting the terms. It does not have to give cost of good sold journal.
B. April 5, Customer refund payable Debit $500
Cash Credit $500
Note: As the seller refunds to the customer, cash become credit.