Whatever McDonalds makes whether its 100 or 10‚000 products‚ these cost must be paid. Variable cost – these are costs that change depending on McDonalds output. So if McDonalds makes a burger it will have varying requirements for amounts of bread‚ meat‚ fish‚ cheese and lettuce head will depend on how many burgers the make. Break –even point Businesses can use the calculations that they make of fixed costs‚ variable costs and sales to work out the point at which their costs equal their sales. This
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extraneous variables by using random assignment to experimental conditions and sometimes also by incorporating direct control and/or blocking into the design of the experiment. Each of these strategies—random assignment‚ direct control‚ and blocking—is described as follows; A researcher can directly control some extraneous variables. In the calculus test example‚ the textbook used is an extraneous variable because part of the differences in test results might be attributed to this variable. We could
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eight questions for answering. If you give the right responses‚ you will obtain 2.5 marks per one statement (i.e. this part is for 10 marks). 1. Why is adherence to ethical standards important for the smooth functioning of an advanced market economy? 2. Briefly describe what is meant by enterprise risk management. 3. Describe what is meant by a “pull” production system. 4. Describe the schedule of cost goods manufactured. How does it tie into the income statement? 5. Why are product costs sometimes
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Tammy Wang‚ a new customer‚ to fulfill a large one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers: Direct materials $455 Direct labor 300 Variable manufacturing support 45 Fixed manufacturing support 100 Total manufacturing costs 900 Markup (60%) 540 Targeted selling price $1440 Grant’s Kitchens has excess capacity. Ms. Wang wants the cabinets in cherry rather than oak‚ so direct
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base. Even if several competitors could match Wilkerson’s quality in valves‚ none had tried to gain market share by cutting price. Therefore the competitive situation for valves was not so fierce that Wilkerson could maintain its gross margin. (2) Pumps Pump product line’s characteristic is high-volume and the manufacturing process for pumps was practically identical to that for valves. Due to the severe competitive situation for pumps‚ its market price has reduced continuously‚ so that Wilkerson
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Inequality: Causes and Consequences Marcus Robinson Florida A& M University Inequality is the lack of equality‚ opportunity‚ treatment‚ or status. Inequality has been going on since World War II and began to rise in the mid 1970s. Many people in the world from the United States to the Caribbean have dealt with this problem. In this article it discusses the causes and consequences of inequality researches and examinations of sociologists and economists that go in depth of the social and
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Inequality has risen across the rich world since the 1970s‚ as financial liberalisation and lower taxes‚ among other things‚ have fuelled a rise in the numbers of the very rich. But now‚ resentment over inequality is growing ever more vocal‚ even as the rich see the crisis erode some of their wealth. Is taxing the rich more heavily necessary to buy social peace? Or do adverse effects on entrepreneurship and innovation outweigh any such considerations? And should we be concentrating on particular
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Li Social Theory Inequality: for Economic growth utilizing (Class‚ Gender‚ Education‚ Race) The similarities found within the theorists articles are primarily based on inequality. Various authors explain how it is reproduced and used for incentives. How that ties into the economic growth that can increase productivity through competition. Some of those sub-levels used to create those inequalities are: class‚ gender‚ race and education. The differences in inequality when race is applied
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In developing societies many idiosyncrasies structure the social congregation which has directly or indirectly led to gender inequalities. A plethora of literature is available on various aspects of gender but this particular study focuses on perceptive reality‚ an area which has not been addressed. This study is conducted in four categories of jobs viz.‚ education‚ media‚ administration and medicine & health to capture whether any difference exists between what is spelt out theoretically and
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discuss my knowledge of the term ‘Inequality’ and the examples and effects of this seen in the DVD “Making Social Lives: City Road”. The term inequality has many different meanings‚ however in the context we are looking at the term we know the definition to be; The difference people and societies and the division of income‚ rights and social acceptance. There are many examples of inequalities in the DVD “Making Social Lives; City Road” these are examples of Inequality in economics‚ social aspects and
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