A flexible budget expresses variable costs on a per unit basis and fixed costs on a total basis. T/F

Answers

Answer 1

Answer:

Answer:

False

Explanation:

A flexible budget is a financial plan that varies with the levels of output and input. It is a budget that adjusts to the needs of a company and the actual revenue levels. Flexible budgets contrast fixed budgets that remain the same regardless of actual income levels.

A flexible budget uses actual revenues for a period. It records the actual expenses incurred, whether fixed or variable. A flexible budget like other financial plans and will have fixed, and variable costs indicated separately. Separating fixed and variable cost helps the management in evaluating financial performance for that period.

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Lezos LLC, a chain of international restaurants, has operations in more than 50 countries around the world. The company has a practice of investing in projects long enough for them to become successful. Which of the following is most likely a reason for the success of Lezos in international markets?a. human resource management
b. customer service
c. financial resources
d. retail format development

Answers

Answer:

c. financial resources

Explanation:

Based on the information provided it can be said that the most likely reason for the success of Lezos in international markets are their financial resources. That is because (like mentioned in the question) they are able to keep supporting these projects financially for as much time as they need in order for them to actually become successful. Therefore there is no other factor in play except for money.

Answer:

C. Financial resources

Explanation:

Financial resources involves all forms of liquid asset owned by an organization. It is the money available for business expenditures. It may include, cash, bank deposits, financial investments and so on. Here, Lezos has a culture of investing long enough in a project to make it successful. That investment success is as a result of the financial resources possessed by Lezos. That's why the can invest long enough until it becomes successful.

The employer contributions to the state unemployment insurance fund, group health insurance, or a pension fund are not normally considered a benefit.true or false

Answers

That statement is false

Employer contributions to the state unemployment insurance fund, group health insurance, or a pension fund are CONSIDERED a benefit.

A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. What are these other alternatives called?opportunity cost

trade-off

scarcity.

none of the above

Answers

The right answer for the question that is being asked and shown above is that: "opportunity cost."A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. These other alternatives are called opportunity cost

Trade-offs! Just took the test!

What is a written description of a new business venture that describes all aspects of the business?

Answers

The answer to the questions is Business Plan. It is a written formal statement that outlines the business goals, the reason why the goals are attainable and how it can be attained. It may also provide the organization's background information.

The direct link between customers and the company is performed by: legal services marketing information chemists environmental chemists corporate management

Answers

The right answer for the question that is being asked and shown above is that: "marketing information." The direct link between customers and the company is performed by the marketing information. They are the ones who channel their needs and etc.

Answer:

The correct answer is B. Marketing

Explain at least three pros and cons of information provision as a tool of correcting market failure. Include at least three factors its effectiveness will depend on

Answers

Pros:

1. Increased transparency: Providing information to consumers can help them make more informed choices, leading to better market outcomes.

2. Improved market efficiency: When consumers have access to accurate and relevant information, it can enhance competition and drive efficiency in the market.

3. Consumer empowerment: Information provision can empower consumers to hold businesses accountable and make decisions that align with their preferences and values.

Cons:

1. Information overload: Too much information can overwhelm consumers, making it difficult for them to make optimal choices.

2. Information asymmetry: In some cases, businesses may have more information than consumers, leading to an imbalance of power and potentially exploitative practices.

3. Cost and accessibility: Providing information can be costly, and ensuring that it reaches all consumers, especially marginalized groups, may be challenging.

Factors affecting effectiveness:

1. Quality and accuracy of information: The effectiveness of information provision depends on the reliability and credibility of the information provided.

2. Consumer awareness and understanding: Consumers need to be aware of the information available and have the capacity to understand and utilize it effectively.

3. Regulatory framework: An enabling regulatory environment can support effective information provision by setting standards, enforcing transparency, and promoting fair practices.

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