The volume that results in total revenue being equal to total cost is known as the
a. breakeven point.
b. marginal volume.
c. marginal cost.
d. profit mix.
a. breakeven point.
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Product value analysis is an approach to efficiency that studies whether components can be redesigned or made by more efficient methods of production without adversely impacting product performance
Indicate whether the statement is true or false
This question is composed of two parts; be sure to answer both. First, compare and contrast open and closed systems. Explain why almost all businesses today have an open system. Next, suppose you manage a business in which you hire young musicians to give lessons to school children. In what ways will you need your business to be open?
What will be an ideal response?
What are mutually exclusive projects? How might they complicate the capital-budgeting process?
What will be an ideal response?
Soon after becoming the new manager of operations at the Cooper Motors, a local car dealership, Finn discovers that employees are coming in late to work, taking long breaks, and behaving unprofessionally while on the job. After considering the situation, he introduces a new set of guidelines, along with contingencies of reinforcement. Those who show up on time, do not exceed their allotted break schedules, and show themselves behaving professionally at all times while on duty during the next month will enjoy a steak dinner, courtesy of management. Those who fail to meet the requirements, on the other hand, will be invited to stay late for three nights in a row and attend an unpaid training session. The contingencies Finn is planning to implement-the steak dinner on the one hand and the
unpaid training sessions on the other-are, respectively, A. punishment and extinction. B. positive reinforcement and negative reinforcement. C. negative reinforcement and extinction. D. punishment and negative reinforcement. E. positive reinforcement and punishment.