Answer:
d. Low levels of job specialization
Explanation:
Firms that pursue cost advantage have effective & efficient management techniques.
Employee remuneration based upon individual productivity , Frequent performance reporting , High levels of outsourcing : are all important for proper management of firms to achieve cost advantage.
However, proper effective & efficient management cant be achieved without proper division of labour & specialisation of job. So, firms pursuing cost advantage have all features in their systems except 'Low levels of job specialization'
Answer:
b. work-family enrichment
Explanation:
Based on the scenario being described within the question it can be said that in this situation Lori is experiencing the concept of work-family enrichment. This term refers to when an individual's experience in what role of their lives improves the quality of life in another role. Such as in this scenario Lori's great experience at work improved her attitude in her family environment and role as a mother.
Answer: Option A and B
Explanation: The given case relates to the law of supply.
As per the law of supply, the price and the quantity supplied of a good or service are positively related to each other. However there are other factors also which affects the demand such as the cost of production.
If the price of a commodity rises or its cost of production decreases then the profit margin of it increases for the supplier. This increased margin works as an incentive to produce and supply more to the market.
Hence the correct option is A and B.
Answer:
The minimum price will be $[($300/50) + x] per bottle or $(6 + x) per bottle with x is the total variable cost plus avoidable fixed costs ( fixed costs besides special labeling and delivery which will not incur if these special wine bottles not produced) it takes Pedro to produce one bottle of special wine for Lori.
Explanation:
To not lose money in this case, Pedro has to charge a minimum price per bottle that equals to the sum of: 1. fixed cost incurred in special labeling and delivery process allocated to one bottle ( as stated in the Answer is $300/50 = $6), 2. other avoidable fixed costs ( fixed costs which will not incur if these 50 special wine bottles not produced) allocated to one bottle of special wines besides the fixed cost stated in (1), 3. variable costs incurred to the production of one bottle of special wine.
Answer:
D. $525,000
Explanation:
budgeted production = 15,000 units/month
unit production time required = 30 minutes => 0.5 hours
direct labor rate = $70 per hour
Budgeted cost of direct labor for the month = 15,000 * 0.5 * 70
= $525,000
