Answer:
a. with the deadline
Explanation:
When a project has a fixed budget, it cannot move its expenditure as that shall be fixed, for fixed as well as variable cost, in total no increase in expenditure.
In no terms the project will be successful if it does not meet the quality, thus the quality standards shall not be adjusted.
The risks associated with the project can not be altered.
The goals of business shall not be altered for small projects as generally the goals are long term in nature.
Therefore, correct option is
a. with the deadline
As the deadline can be altered or revised a little to meet the expectations.
Answer:
(A) accountability.
Explanation:
Accountability is an evaluation of an individual's or an organization’s responsibilities. Maybe an individual is doing the work as required by the job, transparency. Or the organization being answerable to all the organization's stakeholders.
Answer:
Option C) Medoc Company's Break Even Point is 34,100 Units
Explanation:
Break Even point is defined as the level of activity or production at which the company's Total Sales Revenue is equal to its total expenses. In other words, Break Even Point is No Profit, No Loss Point.
Break Even Point in Units = Total Fixed Costs ÷ Contribution Per Unit
where:
Contribution per unit = Selling Price per unit - Variable Costs per Unit
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<u>Calculations:</u>
Contribution per Unit = $6.30 - $4.55 = $1.75
Break Even Point in Units = $59,675 ÷ $1.75
Break Even Point in Units = 34,100 Units
Answer:
3. Correctly ignored a sunk cost
Explanation:
Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.
Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.
In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.
Answer: 1st to make a good business you have to start off small. For starters start doing a Lemonade Stand. If people like your Lemonade i'm sure they'll promote you by telling there friends. Then your business will get bigger and bigger until you have like a whole company.