A Company Intends to Install New Management Software for Its

question 105

Multiple Choice

A company intends to install new management software for its warehouse.The software will cost $50,000 to buy and will cost an additional $150,000 to install and implement.It is anticipated that it will save the company $45,000 through reductions in staff and $65,000 in general inventory costs in the first year after installation.What is the benefit to the company in the first year if they choose to install the software?

• A)$45,000
• B)$90,000
• C)$110,000
• D)$180,000

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Definitions:

U-5 Unemployment Rate

A measure of unemployment that includes those who are not working, available to work, and have looked for work within the past 12 months, plus marginally attached workers and those employed part-time for economic reasons.

Unemployment Insurance

A form of government assistance that offers income support to individuals who are unemployed through no fault of their own and meet specific eligibility requirements.

Labor Force Participation Rate

a measure of the active portion of an economy's labor force, calculated as the labor force divided by the total working-age population, expressed as a percentage.

Unemployment

The situation where individuals who are capable and willing to work cannot find employment.