Answer:
b. increasing in volume and scope
Explanation:
Outsourcing refers to assigning routine day to day tasks of less significance to an outside firm at a contractual price, with dual motive of saving time and focusing upon more important tasks and also to avail specialized services of an outside firm to ensure efficiency.
For example, a company may outsource it's human resource management function to third party consultants rather than conducting recruitment on it's own.
With the growth in businesses and with increased competition, the need to focus upon strategic tasks has increased which calls for growth in outsourcing function owing to which outsourcing of services has increased both in volume and scope.
Answer:
$134,300
Explanation:
From the question above, we are required to total amount of indirect manufacturing costs that was incurred by Norred corporation with the information that was provided
The first step is to calculate the total variable manufacturing overhead costs
= Variable manufacturing overhead × Units produced
= $1.60 per unit × 8,000 units
= $12,800
Therefore, the total amount of indirect manufacturing costs can be calculated as follows
= Total variable manufacturing costs + Fixed manufacturing overhead
= $12,800 + $121,500
= $134,300
Hence the total amount of indirect manufacturing costs is closest to $134,300
The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
Answer:
E) rack jobbers.
Explanation:
Rack jobbers is defined as a company or trader that has an agreement with a seller to display their products in the retail stores and sell them. Usually channels used are not the traditional channels used to sell the products and can include: gas stations, grocery stores.
In such instances the profit realised is split between both parties. For example if Procter and Gamble provide a product rack to a grocery store this is called rack jobbers.
This will be Reynold's best option as he does not want to take care of setting up displays and maintaining inventory records.
Answer:
C. Playgrounds are rival in consumption, and the optimal number of playgrounds is three.
Explanation:
The computation is shown below:
For 3 playgrounds, total willingness to pay is
= 200 + 1600 + 800
= 2600 > Marginal cost (2250).
And,
For 4 playgrounds, total willingness to pay is
= 100 + 1400 + 700
= 2200 < Marginal cost (2250).
Therefore, 3 playgrounds should be considered as an optimal and playground would be rival
