Answer: Option A
Explanation: In simple words, it refers to the unemployment which occurs due to the employees shifting and moving from one job to another. This kind of unemployment is unavoidable and exist in every economy to some extent.
A website that advertises job will be helpful to employees for gaining information and awareness about new openings.
Hence from the above we can conclude that the correct option A.
Frictional unemployment could be reduced by enhancing job visibility, promoting economic growth, and limiting outsourcing. The best options for this are advertising job openings widely, implementing government policies to promote a stagnant economy, and creating policies to limit job outsourcing.
Frictional unemployment refers to the period of time when a worker is searching for, or transitioning from one job to another. It's a natural form of unemployment due to factors like workers' voluntary decisions to change jobs or the time lag involved in finding a new job.
Options (A) Websites that advertise job openings across the country, (B) Government policies to help promote a stagnant economy, and (E) Government policies to limit outsourcing of jobs would help reduce the amount of frictional unemployment. (A) would increase the visibility of job opportunities, enabling job seekers to find new roles more quickly. (B) would stimulate economic growth, creating more job opportunities. (E) would keep jobs within the country, increasing local employment opportunities.
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Answer:
Direct labor rate variance= $12,575 unfavorable
Explanation:
Giving the following information:
Last year, the company’s direct labor payroll totaled $352,100 for 50,300 direct labor hours. The standard wage rate is $6.75 per direct labor hour.
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 352,100/50,300= $7 per hour
Direct labor rate variance= (6.75 - 7)*50,300
Direct labor rate variance= $12,575 unfavorable
Answer:
Neither Technician A or B are correct
Explanation:
Wheel runout is a term that involves a vehicle tire that's not perfectly round again. Thus, this will mean that the balance of the tires will be thrown off.
In this wheel runout, it can't be measure with a dial indicator and neither can it occur only in the tire..
Answer with Explanation:
A "graduated lease" is a type of lease that is long-term in nature. Here, the lessor/landlord enters into an agreement with the lessee/tenant/occupant that the property that the tenant will be renting is subject to an increase or decrease in the rental fee depending on its market value as the years pass by. So, this means that the rental fee is not stable or fixed, rather it changes with times.
This lease is also called a "graded lease." An increase in rental fee is common for real estates that are being rented while a decrease in rental fee is common for equipment or machinery that are being rented.
The question discusses inventory management at Jill's Job Shop. For Tegdiws, a reorder level is calculated based on the annual demand, lead time, and the fact that orders are placed as soon as this level is reached. Widgets are ordered every four weeks, so the ordering quantity is determined considering the holding cost and safety stock.
The question revolves around the concept of inventory management at Jill's Job Shop. Given the figures, we're looking at two factors here- reorder level for Tegdiws and fixed interval time for ordering Widgets. The primary consideration is to minimize holding costs while ensuring enough quantity is available to meet demand throughout the year.
For Tegdiws, the reorder level must be calculated to ensure that when the remaining quantity reaches this level, a new order is placed. This level is typically the amount necessary to meet demand during the lead time. Given an annual demand of 11,000 units, a lead time of 4 weeks, and a 52-week year, the reorder level for Tegdiws would be around 846 units.
On the other hand, Widgets are ordered every four weeks, so the quantity of each order should be calculated to meet the four-week demand while considering the holding cost and safety stock. With an Annual demand of 8,000 units and a 52-week year, the quantity for each order of Widgets would be approximately 615 units.
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Answer:
EOQ = √ 2DCo/H
D = Annual demand
Co = Ordering cost per order
H = Holding cost per item per annum
TEGDIWS
D = 11,000 units
C0 = $110
H = 10% x $15 = $1.5
EOQ = √2 x 11,000 x $110
$1.5
EOQ = 1,270 units
WIDGET
D = 8,000 units
Co = $10
H = 20% x $8 = $1.6
EOQ =√ 2 x 8,000 x $10
$1.6
EOQ = 316 units
Explanation:
EOQ is equal to the square root of 2 multiplied by annual demand and ordering cost divided by holding cost.
Suppose that Italy and Austria consider trading shoes and fish with each other. Italy can gain from specialization and trade as long as it receives more than _______ of fish for each pair of shoes it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than _______ of shoes for each pound of fish it exports to Italy.
Based on your answers to the previous question, which of the following terms of trade (that is, price of shoes in terms of fish) would allow both Austria and Italy to gain from trade? Check all that apply.
(A) 8 pounds of fish per pair of shoes
(B) 1 pound of fish per pair of shoes
(C) 15 pounds of fish per pair of shoes
(D) 3 pounds of fish per pair of shoes
Answer:
Section 1..... Italy has a comparative advantage in the production of shoes, and Austria has a comparative advantage in the production of fish.
Section 2.... 5 pounds of fish, ; 1/10 pairs of shoes
Section 3..... A and C.
Explanation:
The comparative advantage is known to be a term that is in use in the economic world,where a country or company has the ability of producing goods at extremely lower cost compared to that of its partners or competitors.
This is very important because, the country or company will be able to produce its goods by making use of fewer resources.
And thereby gives the country or company an edge in selling its goods at a reasonable lower price when compared with that of its competitors.
In this case, it is summarized or concluded that, Italy has a lower opportunity cost of producing shoes. So, Italy has a comparative advantage in shoes and Sweden has a comparative advantage in fish.
Variable costs per unit $ 17
Fixed costs per unit (based on capacity) $ 8
Capacity in units 56,000
Sako Company has a Hi-Fi Division that could use this speaker in one of its products. The Hi-Fi Division will need 9,000 speakers per year. It has received a quote of $35 per speaker from another manufacturer. Sako Company evaluates division managers on the basis of divisional profits.Assume that the Audio Division is now selling only 49,000 speakers per year to outside customers. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?
Answer:
The lower acceptable transfer price by Audio Division is variable cost of producing the extra unit which is $17. Producing to capacity will have no effect on the fixed cost because it will not change regardless on increase in production.
Explanation:
Answer:
.
Explanation:
The lowest acceptable movement price by Audio Division is shifting cost of making the more parts which are 17 dollars. making to capacity will have no effect on the fixed cost because it will not change regardless on increase in production.