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Costs and Profit Assignment

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Assignment 2
(20 points)
Assignment 2: Costs and Profit
Instructions

Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.

Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.

Review Lesson 4 of the Course Overview for instructions about turning in your assignments.

Assignment Questions

In Section 2, you learned about costs and profit. Now, you'll apply what you learned.

1. Choose a real or made up …show more content…

Typically, net profit is measured on a quarterly or annual basis. When compared with a company net profit during other periods, it can provide a useful measure for how profitable a company is over time and the overall performance of the company & management team.

4. If you were running a company, describe at least two things you would do to improve its productivity. (1-4 sentences. 2.0 points)
This is a massive one in today’s era of modern technology: emails, instant messaging, status updates, sms etc. When you are in the middle of an important task and you get interrupted or distracted, it can take you up to 20 minutes to get back into the zone. If this happens 3 times in a day, that’s 1 hour of lost productivity. In a fortnight, that’s 10 hours or more than one whole day of lost productivity, just from being interrupted. Imagine what you could do if you had a whole extra day every fortnight. Now you know how.

The television networks know about prime time – that is the time when most people are watching and they will get their best return for their money. Hence, they put on their best shows during this time. What is your prime time? Your prime time is the time when you are at your most productive. Use this time to take on your most challenging and valuable tasks. For me, my prime times are either in the mornings or evenings. I try to keep my afternoons for lower value tasks while my mornings and evenings are set aside for tasks that require

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