Latasha Thomas January 20‚ 2013 HSM 260 Jerome Anderson Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1‚011 meals to reach their
Premium Fixed cost Variable cost Costs
Opportunity cost Have you ever been in the situation deciding which cloth to buy? Have you ever facing the dilemma of to study or to play? Have you ever consider as a seller and choose to lower the price or raise it? In the field of economics‚ here’s a solution for you. The magic word is “opportunity cost”. Opportunity cost in terms of economy is the highest-value alternative one has to give up to engage in an activity. In other words‚ using the same resources such as money and time‚ the best
Premium Economics Price Costs
Unemployment What is unemployment cost ? Unemployment is well as something bad ‚ most economist agree that high levels of unemployment are costly not only to a person directly affected but also as the economy as a whole. Some economist are convincing themselves that there is a certain level of unemployment that we can not erased. Elevated unemployment imposes significant cost on someone‚ the society and the county. The cost of unemployment to the individual is not something
Free Economics Unemployment
2/27/13 What Killed Michael Porter’s Monitor Group? The One Force That Really Matters - Forbes Steve Denning‚ Contributor R ADIC AL MANAGEMENT: R e think ing le ade rship and innovation L EA D ER S H I P | 11/20/2012 @ 10:52AM | 168‚820 vie ws What Killed Michael Porter’s Monitor Group? The One Force That Really Matters What killed the Monitor Group‚ the consulting firm co-founded by the legendary business guru‚ Michael Porter? In November 2012‚ Monitor was unable to pay its bills
Premium Management consulting Strategic management Management
Medical Costs and the Impact on Us Professor Robert Hudson from the London School of Economics define the indifference curve as a graph showing different bundles of goods between which a consumer is indifferent. That is‚ at each point on the curve‚ the consumer has no preference for one bundle over another. One can equivalently refer to each point on the indifference curve as rendering the same level of utility (satisfaction) for the consumer. Utility is then a device to represent preferences
Premium Utility Consumer theory Economics
debate today is whether or not college should be free. In my opinion‚ postsecondary education should not be free‚ but the cost of tuition should be significantly reduced. Tuition costs should be reduced for a number of reasons. First‚ college is a very critical time for students to learn - not only about their future careers but about themselves too. Because the costs of college is so expensive‚ many people cannot attend the school of their choice. Doing this can impact their social development
Premium
Caring for children and young people unit 10- m2 Roles and responsibilities of two members of the children’s workforce in relation to looked after children and young people Foster carer The roles and responsibilities of a foster carer are to provide care for a foster child‚ to promote positive health care‚ to promote a positive view of the Childs family background‚ to promote a foster Childs own race‚ culture and religion‚ to promote education‚ to let Children & Young People’s Service
Premium Foster care Family Childhood
COST SHEET FOR AMUL ICE-CREAMS [pic] PRESENTED BY HIRAL MEHTA 61 SAURAV MEHTA 62
Premium Milk Ice cream Butterfat
strength usually falls into one of two headings: • Cost advantage • Differentiation By applying these strengths in either a broad or narrow or narrow scope‚ three generic strategies result: • Cost leadership • Differentiation • Focus These strategies are applied at business unit level. They are called generic strategies because they are not firm or industry dependant. Cost Leadership: This generic strategy calls for being the low cost producer in an industry for a given level of quantity
Premium Marketing Porter generic strategies Strategic management
Cost Classifications Consult Ch. 6 & 7 of Health Care Finance and other sources to complete the form. This worksheet requires you to match the definitions and examples of types of cost‚ and the types of centers where costs occur. Part 1: For each term in Column A‚ select the correct definition from Column B on the right. Write the corresponding letter of the definition next to the term. Column A f 1. Indirect costs a 2. Direct costs d 3. Fixed costs i e h b c g 4. Variable
Premium Costs Budget Nursing