A Company Makes Two Products, a and B

question 31

True/False

A company makes two products, A and B. A sells for $100 and B sells for $90. The variable production costs are $30 per unit for A and $25 for B. The company's objective could be written as: MAX 190x₁ -55x₂.

Identify the factors determining the best organizational design, including environmental, strategic, and technological considerations.

Evaluate the role of strategic choices in shaping organizational design and performance.

Understand the concepts of mechanistic and organic organizations and their applications in different contexts.

Understand how to utilize Employee Lists in QBO for payroll management.

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Definitions:

Executor

A person named in a will or appointed by a court, who is responsible for ensuring that a deceased person's estate is distributed according to the will and laws.

Verbal Agreement

An agreement made through spoken words between parties that is legally binding, although harder to prove than written contracts.

Specific Performance

A legal remedy requiring a party to perform a specific act, often used in breach of contract cases.

Sales Contracts

Legal agreements outlining the terms and conditions of a sale of goods or services, including price, delivery, and warranties.