You Have an Idea for a Company That Sources Fruits

question 105

Multiple Choice

You have an idea for a company that sources fruits from local farms and makes fresh juices on a daily basis.You want to start a subscription-based service in which households within a 100-mile radius subscribe to your plan and receive two gallons of freshly squeezed juice (for example,cherry juice,apple juice,lemonade) twice a week.As you think about starting your business,you ask yourself: How rare is the service I am offering? How valuable is it? Can I organize the company to maximize my advantages in the marketplace? After asking these questions,review and identify which question from VRIO did you forget to ask?

• A)Is the resource or capability valuable?
• B)Is the resource or capability currently controlled by only a few firms or no other firms?
• C)Is the firm organized to exploit the resource of capability?
• D)What values should be emphasized?
• E)Is the resource or capability costly for other firms to imitate?

Compute overtime pay according to different company policies on overtime rates.

Calculate total earnings including regular and overtime pay.

Understand employer obligations for matching Social Security and Medicare deductions.

Compute net salary after deductions including federal income tax, FICA, and medical insurance.

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Definitions:

Plantar Warts

Warts that occur on the soles of the feet, often caused by human papillomavirus (HPV) and characterized by their hard, grainy appearance.

Sole of the Foot

The underside part of the foot that touches the ground while standing or walking.

Palm of the Hand

The inner surface of the hand between the wrist and fingers, characterized by its soft, flexible skin and five digits.

Medial and Lateral

Terms used to describe the relative positions of structures within the body, with medial meaning towards the midline and lateral meaning away from the midline.