Hazards may increase either the frequency or the severity of losses
Indicate whether the statement is true or false
TRUE
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Which of the following involves the use of a secondary source?
A) Talking to the entry-level employees about why the duties are not being properly executed B) Surveying other companies who outsource the kinds of duties you are looking to outsource C) Reading a journal article about the perceived versus actual cost effectiveness of outsourcing D) Discussing the situation with your boss E) Speaking to outsourcing service providers about some options
What price for the ball bearings will maximize the profit?
The XYZ manufacturing company produces ball bearings. The annual fixed cost is $20,000 and the variable cost per ball bearing is $3. The price is related to demand according to the following equation: 1000 - 8p.