Lartey Corporation's cost formula for its selling and administrative expense is $22,200 per month plus $27 per unit. For the month of December, the company planned for activity of 5,300 units, but the actual level of activity was 5,270 units. The actual selling and administrative expense for the month was $168,150.
The activity variance for selling and administrative expense in December would be closest to:
Answers
The activity variance for selling and administrative expense in December is negative, which means that the actual expense was less than what we would expect based on the flexible budget.
To calculate the activity variance for selling and administrative expense in December, we need to use the cost formula provided by Lartey Corporation, which is $22,200 per month plus $27 per unit.
First, let's calculate the planned (budgeted) selling and administrative expense for December based on the planned activity level of 5,300 units:
Planned selling and administrative expense = $22,200 + ($27 x 5,300) = $171,900
Next, we can calculate the flexible budget for selling and administrative expense based on the actual level of activity, which was 5,270 units:
Flexible budget for selling and administrative expense = $22,200 + ($27 x 5,270) = $170,790
Finally, we can calculate the activity variance by subtracting the flexible budget from the actual selling and administrative expense:
Activity variance = Actual selling and administrative expense - Flexible budget
Activity variance = $168,150 - $170,790
Activity variance = -$2,640
The activity variance for selling and administrative expense in December is negative, which means that the actual expense was less than what we would expect based on the flexible budget. This could be due to cost savings or efficiencies in the company's operations.
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Related Questions
bruin manufacturing has expected ebit of $26,000 in perpetuity. a tax rat 35% and debt equity ratio of 60 percent. the firm has $60,000 in outstanding debt at an interest rate of 8percent and its wacc is 12 percent. what is the value of the firm according to m&m proposition 1 with taxes?. should bruin change its debt-equity ratio if the goal is to maximize the value of the firm? explain.
Answers
The value of the firm according to M&M proposition 1 with taxes will be as follows,
WACC = .12 = (100/160)RE+ (60/160)(.08)(.65) ;RE= .1608
RE= .1608 = RU+ (RU– .08)(.6)(.65) ;RU= .1381
VU= EBIT(1 – t)/RU= ($26,000)(.65)/.1381 = $122,348.96
VL= VU+ Dt = $122,348.96 + .35D = $140,833.33
Or
VL= EBIT(1 – t)/WACC = ($26,000)(.65)/.12
= $140,833.33
What is M&M proposition?Miller and Modigliani theory mentions two propositions. Proposition I state that the market value of any firm is independent of the amount of debt or equity in capital structure. Proposition II states that the cost of equity is directly related and incremental to the percentage of debt in the capital structure.
B) Applying M&M Proposition with tax the capitals, the firm has increased its value by issuing debt. As long as M&M Proposition holds, that is, there are no bankruptcy costs and so then the company should continue to increase its debt equity ratio to maximize the value of the firm.
Thus, the value of the firm according to M&M proposition 1 with taxes will be $140,833.33.
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(2 points) of the most important pillar
given the current socio‐economic conditions in South Africa as well as the broader contexts of mismanagement, tender irregularities, and fraud in South African Government institutions.
Answers
The pillars of accountability, transparency, good governance, and anti-corruption measures are crucial for addressing issues organization in South African government institutions.
One of the main points of support for tending to the current financial circumstances and the more extensive settings of fumble, delicate abnormalities, and misrepresentation in South African government organizations is responsibility.
This support point incorporates both individual and institutional responsibility, and it is fundamental for guaranteeing that those answerable for debasement and botch are viewed to be responsible.
Individual responsibility includes considering people liable for their activities, incorporating arraigning those associated with defilement and maladministration.
Institutional responsibility includes guaranteeing that administration foundations are straightforward, viable, and effective in their activities. This can incorporate measures like customary reviews, public detailing, and autonomous oversight.
Notwithstanding responsibility, different points of support that are fundamental for resolving these issues incorporate straightforwardness, great administration, and compelling enemy of defilement measures.
These points of support require a guarantee to transparency, decency, and uprightness from government authorities, as well as a readiness to resolve foundational issues and execute changes to reinforce administration and responsibility.
By and large, the mainstays of responsibility, straightforwardness, great administration, and hostile to defilement measures are critical for tending to the current financial circumstances and the more extensive settings of bungle, delicate anomalies, and extortion in South African government organizations.
Without these points of support set up, it will be challenging to reestablish public confidence in government and to advance feasible financial turn of events.
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On January 1, 2014, Bottle Rockets Company purchased a general liability insurance policy for $9,000 to provide coverage for the calendar year. 1. If the company recorded the policy as an asset when purchased, what is the monthly adjusting journal entry that should be recorded at January 31, 2014?
Answers
The monthly adjusting journal entry on January 1, 2014
Account title Debit Credit
Prepaid Insurance (9000*11/12) 8250
Insurance expense 8250
Journal entry is the act of maintaining or making statistics of any transactions both monetary or non-monetary. Transactions are indexed in an accounting magazine that indicates a business enterprise's debit and credit balances. The magazine entry can consist of several recordings, every of which is both a debit or a credit score.
Journal entry is used to document a commercial enterprise transaction in the accounting data of a commercial enterprise. A journal entry is typically recorded inside the trendy ledger; alternatively, it could be recorded in a subsidiary ledger which is then summarized and rolled forward into the general ledger.
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NPV and maximum return A firm can purchase new equipment for a $ 17,000 initial investment. The equipment generates an annual after-tax cash inflow of $ 4,000 for 7 years. a. Determine the net present value (NPV) of the asset, assuming that the firm has a cost of capital of 13%. Is the project acceptable? b. Determine the maximum required rate of return that the firm can have and still accept the asset. a. The net present value (NPV) of the new equipment is $ 690.44. (Round to the nearest cent.) Part 2 Based on its NPV, is the new equipment acceptable? (Select the best answer below.) Yes Your answer is correct. No Part 3 b. The maximum required rate of return the firm can have and still accept the new equipment is enter your response here%. (Round to two decimal places.)
Answers
The net present value (NPV) of the new equipment is $ 690.44. .
Based on the NPV, the project is acceptable.
The maximum required rate of return the firm can have is 14.29%.
What is the NPV?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable
Net present value = -17,000 + 4000 / 1.13 + 4000 / 1.13² + 4000 / 1.13³ + 4000 / 1.13^4 + 4000 / 1.13^5 + 4000 / 1.13^6 + 4000 / 1.13^7 = $690.44
The maximum required rate of return is the internal rate of return. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
IRR = 14.29%
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value consists of a product's: a. performance characteristics and attributes for which customers consider paying. b. proprietary characteristics and attributes for which customers are willing to pay. c. performance characteristics and attributes for which customers are willing to pay. d. proprietary characteristics and attributes for which customers consider paying.
Answers
The value consists of a product's Option A. performance characteristics and attributes for which customers consider paying.
Value proposition is a statement that outlines the benefits of a service or product offered to the target market by a company. The aim of the value proposition is to influence the market into buying what the company is offering. It can be classified into two types: the economic value proposition and the customer value proposition. Economic value proposition, This is focused on the monetary value proposition for the market.
The strategy here is to target customers based on their ability to pay. It is a great strategy if you have a product that is of high value to the customer, which they are willing to pay for. However, it is not useful in all scenarios. For instance, if a company tries to market an essential product, such as food or water, based on this strategy, it is unlikely to be successful. This is the product's performance characteristics and attributes for which customers are willing to pay. It's an attempt to connect with the customer's needs and wants in a way that's meaningful to them.
A customer value proposition is aimed at creating a meaningful relationship between the customer and the product. To achieve this, the company must focus on the product's performance characteristics and attributes that customers value. It is also important to consider the specific needs and wants of the target market when creating the customer value proposition. Therefore, the correct option is A.
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If 10,000 units that were 40% completed are in process at November 1, 80,000 units were completed during November, and 12,000 were 20% completed at November 30, the number of equivalent units of production for November was 75,600. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
a. True
b. False
Answers
Answer:
Number of equivalents units= 78,400
Explanation:
Giving the following information:
Beginning inventory= 10,000 units that were 40%
Units completed= 80,000
Ending inventory= 12,000 were 20% completed
We will determine the number of equivalents units using the following structure:
COST PER EQUIVALENT UNITS:
Beginning work in process = beginning inventory* %incompleted
Units started and completed = units completed - beginning WIP
Ending work in process completed= Ending WIP* %completed
=Number of equivalent units
Beginning work in process = 10,000*0.6= 6,000
Units started and completed = 80,000 - 10,000= 70,000
Ending work in process completed= 12,000*0.2= 2,400
= 78,400
___ refer to displaying infomation for the user's view.
Answers
Answer:
Dillon is packing equal quantities of pretzels and crackers for snacks. Dillon bags the pretzels in groups of 5 and the crackers in groups of 11. What is the smallest number of crackers that he can pack?
Explanation: can u awnser this?
Answer: Outputting
Explanation: took the quiz
What categories of resources are managed by business?
Answers
Answer:
Physical resources, such as raw material, buildings, vehicles, transportation, storage facility, machines and factory.
Explanation:
A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to minimize interdepartmental transportation costs, which are expected to be $0.50 per load meter moved. An analyst has prepared the following flow and distance matrices: Distances (meters) From/To I II III I - 10 20 II - 10 III - Flows (loads per week) From/To X Y Z X - 0 80 Y 30 - 150 Z 100 130 - If the company were to locate departments X, Y, and Z in areas I, II, and III, respectively, what would be the total distance (in meters) loads would be moved each week?
Answers
Based on the distance between locations, the total distance moved in the week will be 6,700 meters.
Distance between the departmentsAssuming that Departments X, Y and Z are in areas I, II and III respectively. The following will be true:
Department X is located 10 meters from Y but 20 meters from Z. Department Y is located 10 meters from Z. Total distance traveledThis can be found by multiplying the loads carried across departments by the distance between the locations of these departments.
= ( (Loads from X to Y x distance of X and Y) + (Loads from X to Z x Distance of X and Z)) + ( (Loads from Y to X x distance of X and Y) + (Loads from Y to Z x Distance of Y and Z)) + ( (Loads from Z to Y x distance of Z and X) + (Loads from Z to Y x Distance of Y and Z))
= ( (0 x 10) + 80 x 20)) + ( (30 x 10) + (150 x 10) ) + ( (100 x 20) + 130 x 10) )
= 1,600 + 1,800 + 3,300
= 6,700 meters
In conclusion, the total distance would be 6,700 meters.
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STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]
Answers
BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).
Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.
On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.
Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.
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Can someone please tell me which ones are hard or soft skills?
Creativity
Computer Programing
Graphic Design
Civil Engineering
Leadership
Communication
Flexibility
Video editing
Server Maintenance
Time Management
Answers
Answer: tell me
Explanation: when you find out let me
The difference between a merger and an acquisition is________.
Answers
Both terms often refer to the joining of two companies, but there are key differences involved in when to use them.A merger occurs when two separate entities combine forces to create a new, joint organization.
The Retained Earnings statement is based upon which of the following relationships?
A. Retained Earnings – Net Income – Dividends.
B. Retained Earnings – Net Income + Dividends.
C. Retained Earnings + Net Income + Dividends.
D. Retained Earnings + Net Income – Dividends.
Answers
Answer:
D. Retained Earnings + Net Income – Dividends.
Explanation:
Retained earnings can be defined as the accumulated profits or net income generated by an organization but are not distributed or given as dividends to the stockholders, rather are reinvested in to the business.
Generally, retained earnings are used to pay off debts, used for capital expenditures and working capitals.
The Retained Earnings statement refers to the changes in the retained earnings account of an organization or business firm, which occurred during the accounting period and typically comprises of net income arising from the income statement.
Hence, the Retained Earnings statement is based upon;
Retained Earnings + Net Income – Dividends.
Retained Earnings statement can be defined as a financial statement that enumerate changes in retained earnings for an organization over a specific period of time. The retained earnings statement is the statement of owner's equity that outlines details of changes in the amount of retained earnings (profits) over a specified period in an organization.
Hence, retained earnings changes are summarized in the retained earnings statement.
The main purpose of preparing a retained earnings statement is to boost investor's confidence and improve market value.
⦁ Give me an example of how you have demonstrated safe work practices.
Answers
An example of safe work practices is cleaning and maintaining equipment and tools.
Safe work procedures are instructions on how to execute work in a safe manner and are essential for all hazardous jobs performed at your business. They identify dangers and explain what has to be done to remove or reduce risks.
Cleaning and maintaining equipment and tools properly can help to avoid accidents and injuries, as well as costly repairs. One method is to keep a cleaning and maintenance routine. Make a record of all equipment in use, noting important areas that require inspection.
Therefore, maintenance of equipment is how we can demonstrate safe work practices.
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Equipment and tool maintenance and cleaning are two examples of safe work practices.
All hazardous operations carried out at your company must follow safe work procedures, which are guidelines for how to carry out work in a safe manner. They point out risks and describe what has to be done to eliminate or lessen them.
Proper equipment and tool maintenance can reduce the risk of accidents, injuries, and expensive repairs. Maintaining a cleaning and maintenance schedule is one strategy. Make a list of all the equipment that is in use, noting any crucial locations that need inspection.
As a result, maintaining the equipment is how we can show safe working practices.
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The famous observation that households and firms interacting in markets act as if they are guided by an “invisible hand” that leads them to desirable market outcomes comes from whose 1776 book?
Answers
The famous observation that households and firms interacting in markets act as if they are guided by an “invisible hand” that leads them to desirable market outcomes comes from Adam Smith's 1776 book.
Who was Adam Smith?This man is the person that is regarded as the father of economics. He was the one that described the invisible hands. That is all of the factors that are known as the drivers of the demand and the supply in the nation.
The invisible hands according to him are the drivers that would enable the demand and the supply of goods in an economy to get to the stage of equilibrium.
Hence the solution is Adam Smith.
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11. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
selling price $140
units in beginning inventory 0
units produced 1,200
units sold 800
units in ending inventory 400
Direct materials $25
Direct labor $41
Variable manufacturing overhead $6
Variable selling and administration $6
Fixed manufacturing overhead 24,000
fixed selling administration $12,000
What is the net operating income for the month under variable costing?
A. $21,600
B. $(15,200)
C. $8,000
D. $13,600
Answers
Answer:
I THINK ITS B
Explanation:
You become the manager of a team historically accustomed to a very
"old-fashioned": the employees had no say in the matter, they were
considered as executors and in the service of their former manager. THE
performances were no longer there, the team being used by these
very top-down practices.
What would be your first actions as a new
manager of this team?
Answers
As the new manager of a team that has historically experienced top-down practices and low performance, my first actions would focus on creating a positive and collaborative work environment while addressing the performance issues.
Here are some steps I would take:
Build Relationships: I would make an effort to get to know each team member individually, understand their strengths, challenges, and career aspirations. Communicate a New Vision: I would clearly communicate a new vision and goals for the team, emphasizing the importance of collaboration, empowerment, and individual contributions. Encourage Employee Input: I would actively seek input and ideas from team members, encouraging them to share their perspectives, opinions, and suggestions. Delegate Authority: I would delegate meaningful tasks and responsibilities to team members, giving them opportunities to showcase their skills and take ownership of their work. Provide Support and Development: I would identify training and development needs within the team and provide resources and support to enhance their skills and knowledge. Foster Collaboration: I would promote a collaborative work environment by encouraging teamwork, cross-functional collaboration, and knowledge-sharing. Recognize and Reward Performance: I would establish a system for recognizing and rewarding exceptional performance, whether through formal recognition programs, public praise, or performance-based incentives. Regular Feedback and Performance Reviews: I would implement regular feedback mechanisms, such as one-on-one meetings or performance reviews, to provide constructive feedback, set goals, and track progress.For such more question on performance:
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Do you believe that the citizenship process is fair? Why or why not?
Answers
Answer: no, because the way African Americans are being treated is horrible and the way cops think that they can just pop someone out of nowhere and have no consequences is brutal and lose their badge for it is cruel and how blacks can't get good jobs or good pay like "noncolored" people is horrible and how people want to come to the US for a better life but get punished for coming so do i think citizenship process is fair no i do not
what is your view on the "online gaming system with absolutely no physical presence in the presence in the philippines. shall be considered as "doing business" in the philippines and was thus required to obtain a license to do business from the SEC, state facts to support your answers.
Answers
It is TRUE to state that "online gaming system with absolutely no physical presence in the presence in the Philippines can be considered as "doing business"
What is the justification for the above assertion?The Securities and Exchange Commission - SEC stated various criteria to support the corporation's presence in the Philippines:
1) establishment of the online account takes place in the Philippines;
2) Access is granted by users in the Philippines;
3) The material is paid for using local credit cards from within the Philippines; and
4) The web material is delivered in the Philippines. The IP address in the Philippines gets the offer of services, transmits the acceptance of the offer to the virtual plane, and lastly, the content or service is delivered to the account holder's IP address in the Philippines via such virtual plane.
As a result, "the transactions will be executed in the Philippines," according to the SEC.
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Privatization of the public sector jobs can...
A. actually reduce the percentage of union membership.
B. make the service provider directly responsible to the consumers.
C. make it more difficult to avoid or shorten a strike.
D. All the above are true.
Answers
Answer:
A. actually reduces the percentage of union membership.
Explanation:
Remember, the term privatizaton simply refers to a transfer of ownership of public sectors like an energy company owned by the government to private individuals.
We can say this because Public sector jobs are often seen as less profit-oriented, but as welfare focused jobs. Thus, in most economies when privatization occurs, management tends to reduce the percentage of union membership by employing certain tactics.
As an agent of a broker-dealer, you receive a letter from a customer stating that he is unhappy with the performance in his account. All of the securities in the account have markedly declined in value. You decide to ignore the letter because you think that his specific portfolio of securities will achieve a positive return by year-end. Which statement is TRUE?
Answers
The action taken is prohibited as all written complaints regarding portfolios must be forwarded to the manager of the firm for resolution.
An assortment of financial assets, such as securities, bonds, commodities, cash, and cash equivalents such closed-end funds and exchange-traded funds, make up a portfolio (ETFs). The majority of people believe that cash, bonds, and stocks make up the cornerstone of a portfolio. Even while it happens rather regularly, it need not always be the case. A portfolio may contain a variety of assets, including real estate, fine art, and unlisted investments.
One of the cornerstones of portfolio management is the wisdom of diversification, which simply means not placing all of your eggs in one basket. Diversification seeks to reduce risk by dispersing assets among various financial instruments, industries, and other categories. It aims to maximize returns by investing in a variety of industries that would all react differently to the same circumstance. There are many strategies for diversification.
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NEED HELP PLEASE
1. Explain why celebrity endorsements are risky agreements for companies.
2. Why do you think the FTC creates laws governing celebrity endorsements? To whom do these laws benefit?
Answers
Answer:
The FTC created laws governing celebrity endorsements to protect all parties involved in the endorsement because without them, celebrities could lie about their contracts
Explanation:
The oversight function is one of the least understood function of congress. What is the purpose of this function and why is it important? Give specific examples of area where congressional oversight might be critical in the health, safety and defense of citizens.
Answers
The purpose of the oversight function is in order to review, monitor, and as well as supervise the federal agencies, programs and policy implementation.
The congressional oversight function tends to occur in a wide variety of congressional activities and contexts. These include appropriations, authorization, investigative, and also the legislative hearings by the standing committees.
Congressional oversight is considered to be one of the most important responsibilities of the United States Congress. Thus, the congressional oversight refers to the monitoring, reviewing, and supervising of the federal agencies.
Hence, the oversight function is considered fundamental in order to making sure that laws work.
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what is the minimum wage for SA
Answers
the new National Minimum Wage for South Africa has been made public by the Department of Employment and Labour. Starting on March 1st, 2023, the current minimum wage of R23,19 per hour will increase to R25,42 per hour (an increase of around 9,6%).
The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a particular period, which cannot be reduced by a collective agreement or an individual contract, is referred to as the "minimum wage."The South African government may impose penalties on employers who fail to pay the minimum wage. If a defined weekly wage is used, the monthly wage is multiplied by 4.33. If an hourly rate is specified, it is computed as 4.33 times the weekly average.
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Company X sent Company Y a letter as an offer to sell 10 tons cotton for US$200,000.
After receiving the letter, Company Y immediately sent a telegram to Company X
purporting to accept the offer. However, the telegram company erroneously delivered
the telegram to Company Z. Five days later, the market price of cotton increased a lot.
Company X mailed a letter to company Y to revoke the original offer. The letter of
revocation was received by Company Y. Is there any contract between Company X and
Company Y?
Answers
There is no contract between Company X and Company Y. In order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offeror.
According to the case study presented, there is no valid contract between Company X and Company Y. The reason is that acceptance must be communicated to the offeror and the acceptance must be received by the offeror. In this case, Company Y's purported acceptance was not received by Company X because it was erroneously delivered to Company Z.
Moreover, the general rule is that a revocation is effective upon receipt. Therefore, since Company Y received the revocation letter from Company X, it means that Company X has withdrawn the offer. Therefore, there is no contract between Company X and Company Y.
To conclude, in order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offer.
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Incurring an expense for advertising on account would be recorded by:
a. Is the primary standard-setting body in the United States.
b. Is governed by the U.S. Securities and Exchange Commission.
c. Can overrule the FASB when their policies disagree.
d. Promotes the use of high-quality, understandable global accounting standards.
Answers
Complete Question:
Incurring an expense for advertising on account would be recorded by:
Group of answer choices
A) Debiting a liability account.
B) Crediting an asset account.
C) Debiting an expense account.
D) Debiting an asset account.
Answer:
C) Debiting an expense account.
Explanation:
Incurring an expense for advertising on account would be recorded by debiting an expense account.
This ultimately implies that, when a business firm incurs an expense such as on advertising its goods or services, the appropriate account on the balance sheet to record this will be to debit the advertising expense account and then credit the account payable.
The following information is provided about the Town of York’s General Fund operating statement and budgetary accounts for the fiscal year ended September 30. (Note: The town has no restricted, committed, or assigned fund balances.) Estimated revenues $ 32,150,000 Revenues 32,190,000 Appropriations 32,175,000 Expenditures 32,185,000 Fund Balance—Unassigned (beginning of the fiscal year) 500,000 Required Prepare the journal entry to record the budget. (
Answers
Answer:
Realidades 2 WKBK page 109
Explanation:
Realidades 2 WKBK page 109
Which controls almost all of the media industry?
a few large companies
government agencies
small broadcasters
innovative entrepreneurs
Answers
Which of the following best describes what happens if one more unit of labor is used? Choose 1 answer:
A) MPL increases
B) MPL equals total product of labor (TPL)
C) APL is maximized
D) APL increases.
E) MPL is minimized
Answers
MPL increases, best describes what happens if one more unit of labor is used. Thus, option (a) is correct.
The change in output brought on by adding a new unit of labour is known as the marginal product of labour (MPL).
MPL stands for the extra output that can be produced with an additional unit of labour. If MPL rises, it indicates that the extra output produced by the additional unit of labour is larger than the output produced by the original unit of labour.
Therefore, option (a) is correct.
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Which of the following leaves no room for compromise or gray areas?
O Propaganda
O Bandwagon techniques
O Glittering generalities
O Either/or fallacy
Answers
Either/or fallacy leaves no room for compromise or gray areas
What is Either/or fallacy?Either or fallacy also known as black and white thinking or false dilemma is a type of logical fallacy where only two choices are presented often with one being portrayed as the only correct or acceptable option while the other is portrayed as being completely wrong or unacceptable.
This type of argument leaves no room for compromise or gray areas and can be misleading as it oversimplifies complex issues and limits the range of options that are available
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