Half of the world's wetlands were lost last century. Logging and conversion have shrunk the world's forests by as much as half.
The reason why the father wished to close down the branch was that it appeared to be making a loss. However, it is quite the reverse; if the branch was closed then, the positive contribution from the branch would be lost and overall profits would fall.
This is because the indirect costs of production do not vary with output and, therefore, closure of a section of the firm would not lead to immediate savings. This may mean that closing the branch would be a mistake on financial grounds.
This mistake is made due to a misunderstanding of nature of cost behavior. If the branch is closed then the only costs that would be saved are the costs directly related to the running of the branch: The costs are indirect in nature, in this example the marketing and central administration costs, would still have to be paid as they are unaffected by output.
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For this decision to be made, we should use contribution as a guide for deciding whether or not to close a branch. This can also be applied to the production of certain product lines, or the cost effectiveness of departments. On financial grounds, contribution is therefore, a better guide in making decisions.CALL FOR PAPERS.
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The New World Order theory states that a group of international elites controls governments, industry, and media organizations, with the goal of establishing global hegemony. They are alleged to be implicated in most of the major wars of the last two centuries, to carry out secretly staged events, and to deliberately manipulate economies.
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