Dear Teacher,
please can you help me to answer these questions in an easy way and clear English please,
don't make it bulky please,
Subject-food and beverages operations management
1.Identify and assess five basic characteristics of customer service that are of upmost importance in food and beverage to ensure long lasting relationships with customers.List and write five short sentences for each of the characteristics in an easy English please
2.Explain how the servqual model can be applied to measure customer satisfaction in a restaurant.Write five effective sentences in a very easy English?
Answers
Final answer: The five basic characteristics of customer service in food and beverage are responsiveness, empathy, assurance, tangibles, and reliability, which can be measured using the Servqual model.
1. Five basic characteristics of customer service that are of utmost importance in food and beverage to ensure long lasting relationships with customers are as follows:a) Responsiveness- The ability to provide quick and timely service to customers.b) Empathy- Being able to understand the customer's needs and provide them with appropriate solutions.c) Assurance- Providing a sense of trust and confidence to the customers that they will be taken care of.d) Tangibles- Ensuring that the physical environment, amenities, and facilities provided to customers are of high quality.e) Reliability- Ensuring that the service provided is consistent and dependable so that customers can rely on the service.List of five short sentences for each of the characteristics are as follows:a) Responsiveness- Acknowledge the customer promptly, Provide a quick response, Keep the customer informed, Pay attention to the customer's needs, and be helpful.b) Empathy- Listen to the customer, Respond with kindness, Apologize sincerely, Provide personalized service, and Understand the customer's feelings.c) Assurance- Provide a sense of security, Make the customer feel safe, Provide expert knowledge, Project confidence, and Make realistic commitments.d) Tangibles- Maintain cleanliness and hygiene, Provide comfortable seating, Ensure proper lighting and ventilation, Have appealing decor, and Use high-quality materials.e) Reliability- Be dependable, Deliver on promises, Provide consistent service, Keep accurate records, and Communicate honestly.2. The Servqual model can be applied to measure customer satisfaction in a restaurant by taking the following steps:a) Identifying the five dimensions of service quality, which are tangibility, reliability, responsiveness, assurance, and empathy.b) Designing a questionnaire with a set of questions for each of the dimensions.c) Administering the questionnaire to the customers to get their feedback.d) Computing the scores for each of the dimensions.e) Analyzing the scores and identifying areas where improvement is required to enhance customer satisfaction.
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Related Questions
A health insurance company wants the opportunity to cover the accounts of all county employees. In order to land this account. they must get the approval of the county board of directors. The board members mention that they are taking some time off to prepare for the holidays and say that the company might stay on their minds if they were given some holiday spending cash. What kind of crime is this an example of?
A. individual Occupational Crime
B. Professional Occupational Crime
C. State Authority Occupational Crime
D. Organizational Occupational Crime
Answers
Answer:
State Authority Occupational Crime
Explanation:
crimes which occur through the individual exercise of state authority; more specifically, these are crimes that occur through use of power lawfully vested in a person charged with the responsibility to enforce laws or to command others.
According to the given case, the kind of crime is this an example of State Authority Occupational Crime. The correct option is (C).
What do you mean by the Occupational Crime?A crime committed by someone while working is referred to as an occupational crime. Occupational crime, also referred to as workplace crime, includes a wide range of criminal behaviours, such as theft or embezzlement, money laundering, and the improper use of business assets or information.
Business professionals in the private sector are not the only ones who are victims of occupational crime. Corruption of public servants is regarded as a form of occupational crime. Industry-specific crime may also occur in the workplace.
Individual, state authority, and organizational are three of the four categories of occupational crime. Criminal acts undertaken by an individual for financial advantage, such as filing fictitious expense reports, are known as individual occupational crimes.
Therefore, the given case, the kind of crime is this an example of State Authority Occupational Crime.
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Which of the following people has "paid on time,' an important requirement in
credit agreements?
Suzan borrowed $400 from her grandmother to buy an iPad and promised
to pay $10 a week for 40 weeks until the loan was paid back. Suzan
OA.
missed about 8 weekly payments but managed to pay her grandmother the
whole amount by the end of the 40 weeks.
Carlos moved into his own apartment about a year ago. The gas and
OB. electric bills are usually due on the 25th of the month. Carlos faithfully pays
those bills on the 2nd of the next month when he gets pald.
Tamara's parents co-signed a car loan for her new wheels. Her monthly
payment is due by the 15th of each month. So far she has made the
O c. payment each month. But on three months, she sent her payment after the
due date because she had not yet received her bi-weekly paycheck from
her part-time job. One time she was more than 30 days late.
Josh has a 36-month loan for his new truck. Each month's payment is due
OD. by the 10th of the month. Josh always mails his coupon and payment by
the first of the month.
Answers
OD. Josh has a 36-month loan for his new truck. Each month's payment is due by the 10th of the month. Josh always mails his coupon and payment by the first of the month is the correct answer.
Good credit history is an important factor for a person with a credit card. This shows that the person is reliable and also presents that person to further monetary 'loans'.
The term "paid on time" is what it is, referring to the person's ability to pay back his/her credits on time. This means the timely payment of one's credit card usages without any gap in the required payment window. Among the given people, only Josh who took a 36-month loan for a new truck has "paid on time." This is evident in his effort of "mailing his coupon and payment by the first of the month" while his loan requirement was that he pays his die by the 210th of every month. Susan couldn't pay her $10 a week payment for 8 weeks. Carlos only paid his gas and electric bills by the 2nd of the next month, and not by the 25th of the month as required. Tamara's payment for her new car was made only after the due date."On time" payments mean the credits due are paid within the required window of payment given. And on that regard, only Josh was able to do the needful. Thus, the correct answer is option D.
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EXPLAIN HOW HONOURING A LABOUR IS HONOUR ONE'S SELF
Answers
Answer:
Because the labour is a source of my daily food which potentially is a basic need in life
your social media posts, your style, and your speech all help to build what?
Answers
Your social media posts, style, and speech all help to build your personal brand. Your personal brand is the unique image and reputation that you cultivate for yourself.
It includes your values, interests, personality, and expertise, and it helps to differentiate you from others in your industry or field. When you post on social media, you are showing the world who you are and what you stand for. Your style, whether it's fashion, writing, or design, is a reflection of your personality and can help you stand out in a crowded market. Your speech, whether it's in public speaking engagements, interviews, or casual conversations, showcases your communication skills and reinforces your personal brand.
Building a strong personal brand is essential in today's competitive job market, where employers and clients are looking for individuals with a unique perspective and a clear sense of self. By cultivating a consistent personal brand across all platforms, you can attract new opportunities, build a loyal following, and establish yourself as a thought leader in your field.
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your small business has a product that people love and a website that has been linked to by other sites. which factor do these links represent when a search engine is evaluating your site?
Answers
When a search engine is evaluating your site, the links from other websites represent a factor known as "backlinks" or "inbound links."
Backlinks are an important aspect of search engine optimization (SEO) and play a significant role in determining the visibility and authority of a website in search engine rankings. Here is a step-by-step explanation of the significance of these links:
1. Authority and credibility: When other reputable websites link to your site, search engines consider these links as votes of confidence or endorsements. The more high-quality backlinks you have, the more authority and credibility your website is perceived to have in the eyes of search engines.
2. Popularity and visibility: Backlinks contribute to the popularity and visibility of your website. Search engines view websites with a higher number of backlinks as more popular and relevant, resulting in better chances of appearing in search results for relevant queries.
3. Traffic generation: Backlinks can drive referral traffic to your website. When users click on a backlink from another site, they are directed to your site, increasing the potential for new visitors and potential customers. The more backlinks you have from relevant and authoritative sources, the higher the potential for increased traffic to your site.
4. Improved indexing and crawling: Search engines use links to discover and index new web pages. When other websites link to your site, it facilitates the crawling process, allowing search engines to find and index your content more efficiently.
5. Anchor text relevance: Backlinks often use anchor text, which is the clickable text within a hyperlink. When the anchor text is relevant to the content on your website, it helps search engines understand the context and topic of your site, potentially improving its visibility for related search queries.
6. Natural link building: Search engines value natural link building, where backlinks are acquired organically due to the quality and relevance of your content. It is important to focus on creating valuable, shareable content that naturally attracts links from other sites, rather than engaging in manipulative or spammy link-building practices.
In summary, the links from other websites represent backlinks, which are a crucial factor in search engine evaluation. Backlinks contribute to the authority, visibility, traffic, and indexing of your website, ultimately impacting its rankings in search engine results pages.
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FOOD;
1.how to reduced food?
2.how to reused food?
3.how to recycled food?
WATER;
1.how to reduced water?
2.how to reused water?
3.how to recycled water?
please
Answers
Explain the difference between a low-risk investment and a high-risk investment.
Identify two examples of low-risk investments, and give two reasons why someone
might choose low-risk investments.
Answers
Although the potential return on low-risk investments is often lower, they are also less likely to incur substantial losses. other side, high-risk investments have a bigger potential return but also higher chance of sizable losses.
Give two instances of low-risk investments and two justifications for why someone may select them.Government bonds and savings accounts are two examples of low-risk investments.
Low-risk investments may be chosen for a number of reasons, including:-
-to protect their investment or prevent hefty damages.
- to provide a consistent flow of income or dividends.
-to diversify their portfolio or lower their overall investment risk.
-to have more flexibility and liquidity while using their money.
What distinguishes investments with low risk from those with high risk?Greater losses could result from riskier investments, but greater gains could also result from them. On the other side, low-risk investments are seen as safer bets that generally produce smaller returns. You can get closer to your financial objectives with both sorts of investments.
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The law of demand states that a price and quantity demanded do not affect each other. b as price increases, quantity demanded increases. c as price increases, quantity demanded decreases. d supply, price and quantity demanded do not affect each other.
Answers
Answer:
c as price increases, quantity demanded decreases.
Explanation:
The law of demand states that the higher the price of an item, the lower the quantity demanded of that good. While the lower the price, the higher the quantity demanded.
This shows an inverse relationship. As the price of a commodity increases from a former price to a new price, the consumers of that commodity would purchase less of it. But if the reverse is the case, that is price is lowered, consumers would purchase more quantity of the commodity.
Toss a fair coin 2n times. You earn $1 for each heads, and lose $1 for cach tails. Calculate the probabilities of the following events: (a) (3 pts) Your net return is 0. (b) (3 pts) Your net return is. (c) (4 pts) Your net return is a multiple of 4. Please justify of your answer. (d) (Bomus problem) Your final net return is 0, and your net return is never negative during the whole game.
Answers
The binomial distribution formula calculates the likelihood of a net return of 0. Getting n heads and n tails in 2n tosses is (0.5)^(2n) * (2n select n).
Summing the probabilities of getting more heads than tails when n is greater than n gives the chance of a positive net return. The binomial distribution formula can compute the probability of n+1, n+2,..., 2n heads.
Consider scenarios where the difference between heads and tails is divisible by 4 to determine the likelihood of a net return being a multiple of 4. The difference is 0, 4, 8,..., 2n. Summarise each difference value's probabilities.
The bonus problem of having a final net return of 0 and never a negative net return throughout the game requires more complex computations. The probability may involve dynamic programming to consider all possible sequences of heads and tails that satisfy these constraints.
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Drag each tile to the correct box.
What are the steps involved in accepting all the changes in a document?
Click Edit.
Click Accept or Reject.
Click Changes.
Click Accept All.
Answers
This is how the procedures for accepting all revisions to a document are laid out.
Click Edit
Click Changes
Click Accept or Reject
Click Accept All
steps involved in approving all document changes?
When making changes to a document, the first thing you do is click Edit. Once the modification has been made, you should approve the document.
The second action you perform after selecting "edit" is "click changes," which is utilized to apply the modifications that have already been decided to be made to the document. To confirm that the modifications are correct and don't need further review, click Accept or Reject. While selecting Accept All signifies that you have ultimately agreed to all of the document's changes.
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graphically, shortages will always occur: when the quantity supplied exceeds the quantity demanded. at prices below the equilibrium price. at prices above the equilibrium price. at the equilibrium price.
Answers
A price below equilibrium will cause a shortage. . A shortage is an amount by which the quantity demanded exceeds the quantity supplied at the current price.
Demand will exceed supply, or there will be excess demand when the price that prevails on the market is lower than the equilibrium price. Oversupply pressure will result in a rise in market price, which will lead demand to decline and supply to increase.
The reaction moves forward, from reactants to products, until nearly all of the reactants have been transformed into products, which is indicated by a large equilibrium constant.
The main cost of inflation is the erosion of real income, which occurs when prices rise unevenly and cause some customers' purchasing power to decline. Over time, inflation can also affect both parties involved in a fixed interest rate transaction's purchasing power.
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PLEASE HELPPPPP
In PBL students use...?
Question 1 options:
communication skills
design skills
research skills
all of the above
Answers
ANSWER:
all of the above
Organizational culture refers to:_________.
a. the personal moral and ethical codes of ethics of its top management.
b. a written statement expressing its goals and objectives to be achieved through enacting a comprehensive strategic plan.
c. the fundamental, passionate, and enduring principles that guide its conduct over time.
d. the ethos of an organization that excludes its core values.
e. a set of values, ideas, attitudes, and norms of behavior that is learned and shared among the members of an organization.
Answers
Answer:
e.A set of values,ideas,attitudes and norms of behaviour that is learned and shared among the members of an organisation.
Organizational culture refers to a set of values, ideas, attitudes, and norms of behavior that is learned and shared among members of organization. The appropriate response is option E.
What is Organizational culture?The general definition of organizational culture is all of a company's beliefs, values, and attitudes, and how these affect how its people behave. Whatever it's like for a customer to purchase from a business or for a supplier to cooperate with it is influenced by culture.
The definition of organizational culture pertains to the structure, values, sociology, and psychology of an organization, such as a business or non-profit. Philosophy, beliefs, expectations, and experiences are a few examples of organizational culture.
Hence, the appropriate response is option E.
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The Home and Garden (HG) chain of superstores imports decorativeplanters from Italy. Weekly demand for planters averages 1,500 witha standard deviation of 800. For convenience, we assume that thedemand follows Normal distribution. Each planter costs $10. HGincurs a holding cost of 25% per year to carry inventory. HG has anopportunity to set up a superstore in the Phoenix region. Eachorder shipped from Italy incurs a fixed transportation and deliverycost of $10,000. Consider 52 weeks in the year.a) What is the optimal order quantity of planters for HG?(b) If the delivery lead time from Italy is 4 weeks and HG wantsto provide its customers a cycle service level of 90%, how muchsafety stock should it carry?(c) Fastship is a new shipping company that promises to reducethe delivery lead time for planters from 4 to 1 week using a fastership and expedited customs clearance. Using fast ship will add $0.2per unit shipping cost in addition to the current delivery cost of$10,000. Should HG go with Fastship? Why? Quantify the impact ofthe change.
Answers
HG should go with Fastship since it will result in a better customer experience by providing a quicker delivery.
The optimal order quantity of planters for HG is determined by the EOQ (Economic Order Quantity) equation which is Q* = Square root of (2DS/H) where D is the demand, S is the ordering cost and H is the carrying cost.
For the given example, Q* = Square root of (2*1500*10000/0.25) = 8,944.
For the cycle service level of 90%, the safety stock required is equal to (z*σ√t) where z is the z-score for 90% confidence level, σ is the standard deviation of the demand and t is the lead time. For the given example, the safety stock required is (1.28*800*2) = 2,048.
Also, the order quantity will reduce to 6,831 (Q* = Square root of (2*1500*12000/0.25)) leading to a cost reduction of $10,000. The total savings in inventory costs will be $18,000 (25% of $72,000) due to reduced order quantity.
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the following question asks you to analyze the monopolistically competitive market structure, which has some characteristics of both a monopoly and a competitive market.
Answers
The monopolistically competitive market structure, which has some characteristics of both a monopoly and a competitive market. Both competitive and monopolistically competitive markets are easy to enter and exit in the market. The goods in a monopolistically competitive market is slightly variated or there is product-differentiation while those in competitive markets are homogenous.
What is a monopolistic competition?Monopolistic competition is a sort of market structure in which numerous businesses are present in a given sector and make comparable but distinctive goods .
None of the businesses has a monopoly, and they all run their own businesses without taking into account what other businesses are doing .
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If the dollar buys fewer bananas in Honduras than in Guatemala, then traders could make a profit by
a. buying bananas in Honduras and selling them in Guatemala, which would tend to raise the price of bananas in Honduras.
b. buying bananas in Honduras and selling them in Guatemala, which would tend to raise the price of bananas in Guatemala.
c. buying bananas in Guatemala and selling them in Honduras, which would tend to raise the price of bananas in Guatemala.
d. buying bananas in Guatemala and selling them in Honduras, which would tend to raise the price of bananas in Honduras.
Answers
Answer:
The correct answer is C)
Explanation:
Given that the price for bananas is cheaper in Guatemala, suppliers will be driven to make a quick profit just by buying from the Guatemalan market to sell in the Honduras economy.
This, however, will cause the prices of bananas to rise in Guatemala. Because, according to the basic principles of economics, the higher the demand the higher the price.
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Jenna supervises a group of employees who are highly trained and
motivated. Based on this information, which type of management style
should Jenng employ?
A. Directing
B. Supporting
C. Delegating
D. Coaching
SUBMIT
Answers
Answer: C. Delegating
Explanation:
With a delegating management style, the manager simply assigns projects and duties to their subordinates and gives them the freedom to carry out those tasks the way they see fit.
This is best used when the employees are very skilled and motivated. Their skill will enable them to get the job done and their motivation means that they do not have to be followed up constantly to get the job done.
Answer:
DELEGATING
Explanation:
d
e
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e
g
a
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g
Which of the following is NOT an animal rights group?
O People for the Ethical Treatment of Animals (PETA)
O Local animal rights group
O Mercy for Animals
O National Animal Interest Alliance
Answers
Answer:
National Animal Interest Alliance
Explanation:
The National Animal Interest Alliance; (NAIA) is a group or an association of different professionals dedicated to promoting animal welfare. It is a lobby group that seeks to strengthen the human-animal bond and to safeguard the rights of responsible animal owners.
PETA) is People for the Ethical Treatment of Animals ( is an international not-for-profit organization supporting animal rights. It is dedicated to ending the abusive treatment of animals.
Mercy for Animals endeavors to build a society in which all animals are treated with respect and compassion. It aims at ending cruelty to farmed animals and promoting compassionate animal feeding policies.
Answer:
pp
Explanation:
which of the following is always true about the purchases of existing businesses?
Answers
When it comes to purchases of existing businesses, the following is always true:Existing businesses can be acquired as an alternative to starting from scratch.What is purchasing?A purchase is a transaction that occurs when a purchaser exchanges currency or an alternative unit of payment for ownership of an asset or service from a seller.
What is an existing business?An existing business is one that is already in operation. An existing company, rather than creating one from scratch, can be acquired as an alternative. Existing businesses can range from small mom-and-pop shops to multinational corporations, depending on the acquirer's budget and ambitions. The acquired company is either integrated into the acquirer's operations or kept separate, depending on the circumstances.What is the significance of purchasing existing businesses?Existing businesses are appealing to buyers for a variety of reasons. Here are a few explanations:Existing companies come with an established track record and financial history.Existing companies have brand recognition and a customer base.The acquisition of an existing company provides access to a pre-existing market, which saves time and money.
Existing company's operating costs are usually lower than starting from scratch.To sum up, the purchase of an existing business provides the buyer with a number of advantages, including brand recognition, an established customer base, and cost savings. Purchasing an existing business can be more appealing than starting from scratch, and it can be a more effective and productive method of achieving your entrepreneurial objectives.
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All of the following securities are exempt from state registration EXCEPT
A/ securities issued by a registered investment company
B. bonds issued by the Republic of Argentina
C. municipal bonds
D unsolicited orders
Answers
In regards to the terms you provided, it seems unrelated to your question. However, I can answer your question separately.
All of the following securities are exempt from state registration EXCEPT for unsolicited orders. This means that securities that are sold through unsolicited orders are required to be registered with the state, while other securities may be exempt from registration. It's important to note that this applies to state registration, as federal registration may still be required for certain securities.
As for the terms you provided, "investment" refers to the act of putting money into something with the expectation of making a profit, while "Argentina" refers to a country in South America. "Registration" may refer to the process of officially registering or documenting something, such as a security with a regulatory agency.
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All of the following securities are exempt from state registration except unsolicited orders. Option D is correct.
What are unsolicited orders?
A trade that the client started is referred to as a "unsolicited" order. It is a trade that the client made independently, without advice, prodding, or suggestions from the broker. Unlike an order placed on the agent's recommendation, this order is one that the customer places after telling the agent what he or she wishes to buy or sell.
An order that you place but that the company or your broker did not advise. That indicates that you independently developed the concept. Whatever the security, all unsolicited orders are exempt transactions.
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Huge differences in the wealth of relatively similar countries such as North and South Korea are an example of how different ______ and political conditions affect businesses.
Answers
Huge differences in wealth are an example of how different economies and political conditions affect businesses.
What is meant by the word economiesThis is the word that is used to describe the different economic climate that exists in an area. The economy of a place is used to describe the production and the supply and and demand in the area.
The difference in wealth is as a result of the different economies operated in the area.
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in the field of marketing research, analytics exclusively uses qualitative techniques to determine performance efficiency. (True or False)
Answers
in the field of marketing research, analytics exclusively uses qualitative techniques to determine performance efficiency. This statement is False.
Analytics in marketing research can use both qualitative and quantitative techniques to determine performance efficiency.
Quantitative analytics typically involves statistical analysis of numerical data, such as sales figures, market share, or customer satisfaction ratings, while qualitative analytics involves the analysis of non-numerical data, such as customer feedback or social media posts.
Both qualitative and quantitative techniques can be used in marketing research to provide valuable insights into customer behavior and preferences, market trends, and the effectiveness of marketing campaigns.
Therefore, the statement that analytics exclusively uses qualitative techniques in marketing research is false.
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What are good sides and bad sides of breaking news and some examples why is it bad/good?
Answers
Answer:
breaking news may have a bad news example of bad news is fake news
Answer:
In my opinion, I see that the good side of news is that it help people be more aware of what's going around, and some may contribute to the rise in support for some fundings and charity programs for example: if a breaking news about a victim of any crime for example stolen house is displayed, an interview can give a voice to the victim to speak out and maybe raise fundings to repair all stolen goods or damaged items. On the other hand, some breaking news can end up sending out the wrong message and information for example talking about untrustable information, which may later on turn out to be wrong this can cause rumors.
Accrual basis accounting recognizes ___ (equity/revenues/expenses) when the service or product is delivered and records ___ (revenues/expenses/liabilities) when ___ (incurred/paid) in order to adhere to the matching principle.
Answers
Answer: revenues ; expenses ; incurred
Explanation: Accrual basis of accounting from the english word 'accrue' means accumulation or gathering over a certain period of time. Hence, when investments, purchases are gathered or compiled over a certain time period.
In other to adhere to the matching principle under accrual basis of accounting :
Revenues should be recorded once the service or product is earned or delivered and not until when cash is paid. Expenses are recorded correspondingly irrespective of when the cash is paid out. Therefore, in accrual accounting, once obligation or expenses is incurred, expenses is recorded.
1. Compute the growth rate of real estate prices in each of these regions. 2. Which of these regions are exposed to high price volatility? Rank them accordingly. 3. An investor intends to invest N$2 billion in the real estate markets across all these regions as follows: 40%,25%,15%,10%,6%, and 4% on the regions according to the ranking done in question 2 . Calculate the expected return from his investment and Quantify the risk exposure. 4. If he invests in top four ranked regions equally, what will be his expected return and risk exposure? Is this option better
Answers
Accurate calculation of the growth rate, expected return, and risk exposure, needs reliable historical data and a thorough analysis of the real estate markets in each region.
1. To compute the growth rate of real estate prices in each region, you need to compare the current prices with the prices from a previous time period. The growth rate can be calculated using the formula: (Current Price - Previous Price) / Previous Price * 100. By applying this formula to the real estate prices in each region, you can determine the growth rate.
2. To assess the exposure to high price volatility, you need to analyze the fluctuations in real estate prices over time. Regions with higher price volatility will experience larger and more frequent price swings. By examining the historical data for each region, you can identify the regions with high price volatility and rank them accordingly.
3. To calculate the expected return from the investor's N$2 billion investment, you need to multiply the investment amount allocated to each region by the expected growth rate of real estate prices in that region. The expected return is the sum of these individual returns. To quantify the risk exposure, you can calculate the standard deviation of the returns. A higher standard deviation indicates higher risk exposure.
4. If the investor invests equally in the top four ranked regions, the expected return can be calculated by multiplying the investment amount allocated to each region by the average growth rate of real estate prices among the top four regions. The risk exposure can be quantified by calculating the standard deviation of the returns from the top four regions. By comparing the expected return and risk exposure of this option with the previous option, you can determine if it is a better choice.
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A fixed input, X, and a variable input, Y, are used to produce good A. If the marginal physical product (MPP) of Y is constant, it follows that the a. marginal cost curve is upward sloping. b. total fixed cost curve is vertical. c. total variable cost curve is downward sloping. d. b and c e. none of the above
Answers
Answer:
umm........i think its A..............
Explanation:
write on perfect competition
Answers
The manufacturing overhead budget generally has separate sections for variable, mixed, and fixed costs.true/false
Answers
Answer:
false
Explanation:
True. The manufacturing overhead budget typically includes separate sections for variable, mixed, and fixed costs.
Variable costs are those that change in direct proportion to the level of production, such as direct materials and direct labor. Mixed costs have both fixed and variable components, such as utilities or maintenance expenses. Fixed costs remain the same regardless of the level of production, such as rent or insurance. Separating costs in this way can help businesses better understand their cost structure and make more informed decisions about pricing, production levels, and resource allocation. By budgeting for each type of cost separately, a business can also identify areas where cost reductions may be possible and make strategic adjustments to improve profitability.
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Suppose the price of a cookie is $1.50 and cookies are produced in a competitive market. When Cathy's Cookies produces 200 cookies, the average fixed cost is $2.00, the average variable cost is $1.00 and the marginal cost is $1.50. To maximize profit, Cathy should a.continue producing 200 cookies in the short run b.produce more than 200 cookies in the short run c.produce fewer than 200 cookies but continue producing in the short run d.shut down in the short run
Answers
To maximize the profit Cathy should (B) produce more than 200 cookies in the short run.
What is the average marginal cost?The difference in total cost when another unit is produced is referred to as the marginal cost; the average cost is the total cost divided by the number of units produced.What is the average variable cost?In economics, the variable cost per unit is known as the average variable cost. Divide the entire variable cost by the output to get the average variable cost. In the short term, the enterprises use the average variable cost to determine whether to stop production.Solution -We know that marginal cost includes a variable cost.
So, to find profit subtract marginal cost by average fixed cost.
\(2.00-1.50 = 0.50\)
\(0.50 * 200 = 100\)
Profit when 200 cookies are sold = $100.
Therefore, to maximize the profit Cathy should (B) produce more than 200 cookies in the short run.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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