Explain the difference between a committed and a discretionary fixed cost
A committed fixed cost are normally unchangeable by management. A committed fixed cost usually is the result of a long-term contract. An example of a committed fixed cost would be a lease agreement. If output decreases, the lease payments are generally still required. A discretionary fixed cost can easily be changed at management discretion. An example of a discretionary fixed cost would be the cost of advertising. Management may make the decision to cut costs by reducing advertising costs.
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Renee has determined a faster way to complete monthly inventory reports. When she proposes her idea to Sal, her supervisor, he responds, “That’s a great suggestion Renee, however, because of the way each store’s UPC labels are coded, we can’t sort by department, only by store.” Sal is using which type of organizational control?
A. bureaucratic B. concertive C. technological D. unobtrusive
The purpose of a time ticket is to track the amount of time it takes for a product to move from the beginning of the production process to completion
Indicate whether the statement is true or false
In what way does the interaction concept constitute a new business philosophy?
What will be an ideal response?
Determine the values for x and y that will maximize revenue. Given this optimal revenue, what is the amount of slack associated with the first constraint?
Consider the following linear programming problem: Max Z = $15x + $20y Subject to: 8x + 5y ? 40 0.4x + y ? 4 x, y ? 0