Answer: Options-based planning
Explanation:
The Option based planning is one of the concept that helps in maintain the flexibility of the various types of plans for making the various types of investments.
The main purpose of the option based planning is that it helps in maintaining the slack resources are are specifically used in the for of extra resource for the purpose of adapting the various types of changes and also the problems.
According to the given question, the Douclamp is one of the type of manufacturing company that basically making small level of investments on the iron ore plant.
Therefore, Douclamp is using the options based planning based on the given scenario.
Answer:
Direct material price variance= $29,120 unfavorable
Explanation:
Giving the following information:
Standard: Direct materials 6 pounds $4.30 per pound $25.80
Actual= Jackson purchased 145,600 pounds of direct material at a total cost of $655,200.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 655,200/145,600= $4.5
Direct material price variance= (4.3 - 4.5)*145,600
Direct material price variance= $29,120 unfavorable
Answer:
using I-language, focusing on issues and critically evaluating ideas
Explanation:
"Productive conflict" refers to giving both parties who have varying opinions a chance to speak their arguments or positions. The goal of this is for both parties to arrive at a resolution<em> in the most graceful way as possible.</em>
Using "I-language" allows the person to be heard without asserting aggressiveness. It doesn't lead to defensiveness, thereby reducing the other side from retaliating.
"Focusing on issues" allows the focus to be centered on what matters the most. This allows both parties to concentrate and deal with the issue properly.
"Critically evaluating ideas" allows each party to come up with a reasoned judgement and analyze the opinion of the other person. <u>Both positive and negative side</u> should be addressed in order for the conflict to be productive.
When you pay off an installment loan early you will save money on interest.
The bank charges an interest rate on money that they loan out. When you pay the loan early you do not have to pay the interest on the money for the amount of time left on the loan.
LeBron James would have the absolute advantage in mowing the lawn. This is because he can get in done in two hours rather than the four hours it would take Neighbor Scotty to do it. However, he would have a much higher opportunity cost, which is why Neighbor Scotty has the comparative advantage. He may not be able to mow the lawn as quickly as Lebron, but he can do it with a lowe opportunity cost.