Answer: (D) Procedure
Explanation:
The procedure is defined as the step by step sequence method or activity in which the action are executed for maintaining the various types of operations in the system.
If we follow some procedure then we must follow the similar order of the procedure for performing the given task. When the procedure is repetitive then is known as routine.
According to the given information, the team leaders are follow the standing plans for exporting the order and this scenario is basically refers as procedure.
Therefore, Option (D) is correct.
When deciding to lease a new cutting machine or continue using the old machine, the irrelevant cost is $10,000, the selling price of the old machine. Therefore, the correct answer is option a.
This is because the selling price of the old machine is a sunk cost, meaning it has already been incurred and cannot be recovered regardless of the decision to continue using the old machine or to lease a new one.
Therefore, it should not be considered in the decision-making process. The relevant cost in this scenario is the annual savings in operating costs if the new machine is purchased, which is option (d) $3,000. This is because it represents the additional cost or savings that would result from choosing one option over the other.
The cost of the new machine, option (b) $20,000, is also relevant because it represents the additional cost of leasing a new machine compared to continuing to use the old one. By considering only the relevant costs, the decision maker can determine which option would be more financially beneficial for the company.
In this case, if the annual savings in operating costs from leasing the new machine exceeds the additional cost of leasing it, then it would be the more financially beneficial option. Otherwise, continuing to use the old machine would be the better choice.
In summary, the irrelevant cost in this scenario is the selling price of the old machine, while the relevant costs are the cost of the new machine and the annual savings in operating costs. Therefore, the correct answer is option a.
To know more about lease refer here:
brainly.com/question/24697888#
#SPJ11
Complete Question:
When deciding to lease a new cutting machine or continue using the old machine, the irrelevant cost is __. Explain in 180 words with the summary.
a. $10,000, the selling price of old machine
b. $20,000, cost of new machine
c. $50,000, cost of old machine
d. $3,000, annual savings in operating costs if the new machine is purchased
Answer:
The correct answer is: not economic responsibility
Explanation:
Corporate social responsibility (CSR), also called corporate social responsibility (CSR) or socially responsible investment, is defined as the active and voluntary contribution to social, economic and environmental improvement by companies, generally with the aim of improving their situation Competitive, valued and its added value. The organization's overall performance evaluation system in these areas is known as the triple result.
Corporate social responsibility goes beyond compliance with laws and regulations, assuming their respect and strict compliance. In this sense, labor legislation and regulations related to the environment are the starting point for environmental responsibility. Compliance with these basic regulations does not correspond to social responsibility, but to the obligations that any company must fulfill simply by the fact of carrying out its activity. It would be hardly understandable for a company to claim CSR activities, if it has not complied or does not comply with the reference legislation for its activity.
Answer: True
Explanation:
Yes, the given statement is true that the initial or the first step of creating a proper budget we always create a list and then identify our expenses according to the specific requirement.
We should always keep the all the financial records regularly so that we can make the proper budget list of the expenses. The budget is basically depend upon the individual living requirement, expenses and the income.
The answer is True. Hope this helps
Answer:
D) rational expectations theory.
Explanation:
The rational expectations economic theory states that the expectations of the population about how the economy is working, will actually influence the economy in a way that these expectations tend to become a reality.
For example, if people expect that the economy is going to fall into a recession they will try to save money and spend less. Because the population starts to save money and spend less the economy will slip into a recession.
The same applies the other way around, if the population is happy and confident about how the economy is doing, they will increase their spending and keep the economy growing.
We have to remember that almost 70% of the economy is private consumption and any small change in private consumption can lift or sink an economy.