False.
The business wants to upgrade the phone system, not rebuy the same one.
Answer:
intrapreneurs
Explanation:
An intrapreneur is an employee who is tasked with developing an innovative idea or project within a company.
An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company's future.
The intrapreneur is generally given autonomy to work on a project that may have a considerable impact on the company. Over time, an intrapreneur may turn into an entrepreneur.
Answer: Option (a) is correct.
Explanation:
Cheizza, a pizza vendor knows that the fresh cheese is the unique selling point for him. And because of this fresh cheese, the demand for his pizza is drastically increases. So, for meeting this demand, he have to purchase more cheese.
We know that cheese is made up from milk and milk is used as an input for the production of cheese. But milk is a raw material and limited in quantity to meet this demand.
Cheizza also knows that cheese is used in the pizzas, hence, if there is any changes in the supply of cheese, as a result it directly affects the demand for pizzas.
Therefore, there is a scarcity of resources in the form of milk.
Answer:
Category 1. Expenses that will vary according to output- Inventory purchase
Category 2. Expenses that will not vary according to output- labor cost, travel allowance, salary of staff, rent,lease of premises.
Explanation:
Costs or expenses that vary with the level of output is termed variable cost. It means that as the output is being produced, the cost incurred in producing such output changes.
Examples of variable cost are inventory purchases etc.
Cost or expenses that do not vary with the level of output is termed fixed cost. Meaning that irrespective of the output, the cost incurred to produce such output remains fixed.
Example includes rent, salary of staff, lease of premises etc. These costs have been fixed even before production and will remain the same whether or not output increases.