Answer:
overhead cost = $600
Explanation:
given data
overhead rate = $120 per labor hour
time required = 5 hours
to find out
overhead cost
solution
we get here overhead cost that is express as
overhead cost = overhead rate × time required ..............1
put here value and we get
overhead cost = $120 × 5
overhead cost = $600
Answer:
A. The USA specializes in potatoes because of its comparative advantage in producing potatoes.
Explanation:
US 1 ton of potatoes or 0.5 tons of wheat = 2
Ireland 3 tons of potatoes or 2 tons of wheat = 1,5
45N + 400M + 20P ≥ 45 is the constraint that limits the amount of time the writer will work each week.
Explanation:
Integer constraints limit any or all variables to only allow integer values in the optimisation issue. It allows for precise simulation of situations that include discrete numbers (such as equity shares) or decisions yes or no.
Both "limits" and "restrictions" are "restrictions," which may be the broadest word to denote anything that prohibits a entity or a mechanism from happening. "Standards" and "controls" typically feel like standing back, where "stretches" sound like being alone.
Answer:
The below statement marks the company's vision.
In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.
Explanation:
Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.
<u>Vision of a company/organisation</u>
- Vision statement outlines what a company wants to be in the future.
- The Vision Statement focuses on the future
- It is a statement that is a source of inspiration and motivation.
- It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.
Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.
The vision of the foundation is as follows:
<em>In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.</em>
<em></em>
Vision is different from the mission:
<u>Mission statement:</u>
The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.
The mission of the foundation is as follows:
<em>The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.</em>
<em></em>
Answer:
The correct answer is letter "E": A price war.
Explanation:
A price war is a situation in which competitors undercut prices to offer their products at a lower level than their rivals so they can attract more consumers. Manufacturers find ways to cut their costs so they can stay profitable under these circumstances. If they are unable to do that, the company will end up with losses.
