Answer:
A career is like a "building block" and a job is like "castle or a tower"
Answer:
The most suitable answer here is D. Concurrent Control.
Explanation:
Concurrent control is also known as preventive controls and steering controls where the aim of the control procedure is to identify the possible flaws of a process and to prevent them before occurring.
Furthermore, in this scenario as you can see, Donald consults production manager and formulates measures as the process is ongoing. This makes it more of a "concurrent control" as well.
So Why did we not use any of the other options?
Option A, reactive controls is incorrect in this case, because reactive measures are completely spontaneous actions that respond to an accident.
Option B is incorrect too, because feedback controls are done after a process has been completed and through identification of falls happened.
Option C, feed forward controls are not correct in this scenario as well. Although it is a type of preventive control, in this scenario it is not entirely preventive. They are formulating measures even as the process is ongoing.
Answer:
The correct answer is letter "D": cost advantage strategy.
Explanation:
Cost advantage strategy is a technique implemented by companies to provide equal benefits to consumers at a lower price than competitors. Firms achieve this practice by maximizing the utilization of technology, processes, and resources. If a company implements and sustains operations with a cost advantage strategy it is said it has obtained a comparative advantage.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1 Pound T-bone:
Selling price ($7.95 per pound) $ 7.95
Joint costs= $3.80
Profit per pound $ 4.15
Further process:
It costs $0.55 to further process one T-bone steak.
6-ounce filet mignon and one 8-ounce New York cut.
The filet mignon can be sold for $12.00 per pound, and the New York cut can be sold for $8.80 per pound.
A) Filet mignon: $12.00 pound
1 ounce= 16 ounce
0.375= 6 ounce
Price= 0.375*12= $4.5
New York cut= $8.80 a pound
Price= 0.5*8.80= $4.4
Sales= 4.5+4.4= $8.9
Costs= 3.80 + 0.55= 4.35
Profit= $4.55
B) It is more profitable to further process the T-bone stake by $0.40.
Answer: The supply of vegetables has shifted to the left along an inelastic demand curve
Explanation: The quantity of vegetables sold has been reduced by 20 percent, which simply means the aggregate market supply curve has experienced a drop/decrease and that is usually indicated by a complete shift of the supply curve to the left.
Furthermore, we can determine easily if the demand is elastic or inelastic, since the question has stated the percentage change in quantity demanded as 20% and the percentage change in price as 30%.
The coefficient of elasticity is calculated as
E = %change in quantity demanded/%change in price
E = 20/30
E =0.66
Since the coefficient of elasticity is less than 1, then it means demand is inelastic.
