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Stichworte: Sunk cost formula
Name, define, and give examples of three different fallacies you have heard recently.
What is the future value of an annual deposit of $800 earning 6 percent for 15 years?
When the price of a good is below the equilibrium price, it causes a surplus of supply.
When a monopolist engages in perfect price discrimination, marginal cost becomes zero
An increase in quantity demanded caused no change in the equilibrium price. thus, demand must be
Which is the first budget used to measure and monitor cost performance on the project?
Which of the following is not included in determining the cost of purchase of inventories?
Dividing accounts on the basis of market type and sales volume would be an example of:
Which of the following statements concerning the cost-benefit relationship is not true
The cost of materials used on a specific job is first captured on which source document
What qualitative factors should consider before accepting or rejecting a special order?
What is an annuity where the payment interval is not the same as the interest compounding period?
What is the formula for difference of compound interest and simple interest in 2 years?
What type of competitive advantage does a best cost provider strategy aim at achieving what does a company have to do to achieve this advantage?
In a lean manufacturing organization the emphasis is on cost, efficiency, and hierarchy
Which component of the marketing environment pertains to the income expenditures and resources that affect the cost of running a business or household?
The selling price of 12 eggs is equal to the cost price of 15 eggs find the gain per cent
What sequence of periodic payments or deposits made at the end of each payment interval?
What is the formula to calculate elasticity of demand for two quantities and two prices?
How do budgeted cost rates motivates the support department manager to improve efficiency?
Which of the following statements describes a problem in cost-based pricing for services?
Which annuity has an interest compounding period that is an equal to the payment interval?
When a firm sells a product in a foreign country below its domestic price or below its actual cost the practice is referred to as ?
What is the method for determining energy expenditure that involves measuring the amount of oxygen a person uses?
Which of the following values for correlation would be correct for the following scatterplot?
What is the relationship between the standard error the sample size and standard deviation?
The internal rate of return method assumes that intermediate cash flows are immediately at_________.
When a resource such as space in the factory has no alternative use its opportunity cost is blank?
What are the major disadvantages of the use of the internal rate of return method of analyzing capital investment proposals?
What is finding the most cost effective media to deliver the desired number and type of exposures to the target audience?
How do you remove Microsoft Excel Cannot calculate a formula there is a circular reference?
Which of the following annuity has a periodic payment made at the beginning of each payment interval?
The present value of $200 to be received 10 years from today, assuming an opportunity cost of 10 is
What method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year?
When the use of one of the factors of production is limited either in increasing cost or by quantity?
What is the difference between simple interest and compound interest for a period of 2 years?
1 what will be the future value of P 20000 invested at 10 p.a. compounded annually for 3 years
What is the formula in finding the present value of an ordinary annuity identify each variable?
What is the formula in finding the present value of a deferred annuity identify each variable represents?
What are the three inventory accounts used to record manufacturing cost in what order are these accounts used?
Companies with large amounts of fixed costs will generally have a high operating leverage.
Which Act requires creditors to communicate the cost of borrowing money in a common language so that consumers could figure out the charges?
The term ________ describes performance levels in the areas of quantity, quality, time, and cost.
Which method is used to estimate a cost based on historical data from a similar system or subsystem?
Is the difference between the cumulative earned value of the work performed and the cumulative actual cost?
The cost of land typically includes the purchase price and all of the following costs except
What is an added percentage or dollar amount added to the cost to determine its selling price quizlet?
What is an added percentage or dollar amount added to the cost to determine its selling price?
When task time cost and resource estimates are determined they are based on certain assumptions?
Why is past experience the best starting point for creating quality time and cost estimates quizlet?
Which of the following inventory method reports most closely the current cost of inventory?
Which inventory costing method most closely approximates current cost for cost of goods sold?
Which of the following should be taken into account when determining the cost of inventories?
What is the difference between the conventional retail inventory method and the cost method?
When applying lower of cost or market method to inventory valuation market is defined as current replacement cost?
The percentage markup on cost can be computed by dividing gross profit on selling price by 100
What is the effect of freight in on the cost retail ratio when using the conventional retail method?
What is the effect of net markups on the cost retail ratio when using the conventional retail method?
What is the expected result of increasing the markup on cost the selling price will increase the cost will increase the cost will decrease the selling price will decrease?
Before a company can establish the breakeven point for a product, what must be determined?
The cost of direct materials to make automobiles would include the cost of the windshields
Which of the following factors might an online closing cost calculator not take into account?
When rework occurs because of some internal failure the cost of the rework should be charged to?
Which cost accumulation procedure is best suited to similar products in the production process?
Which cost accumulation is most applicable in continuous mass production manufacturing environment?
What term is used to refer to the cost that are indirectly associated with the manufacture of the finished product?
Manufacturing cost per unit will be higher under variable costing than under absorption costing.
Why is the unit product cost different from the cost that would be incurred if another additional unit were produce?
Why is the unit product cost different from the cost that would be incurred if another additional unit were produced quizlet?
Cost of goods manufactured is to a manufacturing enterprise as is to a merchandising enterprise
In addition to cost, quality and access, which can be considered a building block of health systems?
Which model of helping explains prosocial behaviors as having an egoistic or selfish motivation quizlet?
Which of the following occurs when prices and the cost of living rise while money loses its purchasing power group of answer choices?
Which financial statement shows a firms bottom line its profit or loss after costs expenses and taxes for a specific period?
The dollar amount of desired profit from the production and sale of the companys product is
How does the formula for the sample mean differ from the formula for population mean quizlet?
Which of the following is the correct formula for the standard deviation of grouped data multiple choice question?
What are the two variances between the actual cost and the standard cost for direct labor who generally has control over the direct labor cost variances?
Which of the following is one of the three essential categories of skills that managers need quizlet?
Which formula is used to determine the cost benefit of a control such as antivirus software?
How much has health care in america gone up in cost per person, per year, between 1970 and 2013?
What are the key reasons for product cost differences between traditional costing systems and ABC systems?
What causes any differences between costs and profitability between traditional and ABC systems?
In the short run, which of the following is true of a firms average total cost of production
To identify the best cost driver for a particular allocation consideration should be given to
The process of dividing a total cost into parts and assigning it to cost objects is known as:
When the product price falls from $40 to $30 the quantity demanded rises from 500 to 600 units using the simple formula the price elasticity of demand in this range is?
Which of the following is an example of a variable cost for a retailer of electronic equipment?
How do you compete on a business level is defined by the variables value and cost together they define the ______?
Which of the following is a typical course of action for companies that pursue low-cost leadership?
What are the characteristics of a firm that is successfully pursuing a cost leadership strategy?
When government spends less than it collects in revenue in a particular year the budget is to be?
What is the term to describe when a nation or individual can produce a good or service at a lower opportunity cost than another nation or individual?
What is called to the ability of a country to produce a product not only in a greater quantity but also at a lower opportunity cost than another country?
When one nation can produce a product at lower cost relative to another nation, it is said to have
When one nation can produce a good or service at a lower cost than another the former is said to have an?
When a country can produce a good or service at a lower opportunity cost than its competitors can it has?
When one nation can produce a product at a lower cost relative to another nation it is said to have a in producing that product?
Which measures of central tendency is obtained by calculating the sum of values and dividing this figure by the number of values there are in data set?
Which measure of central tendency is obtained by calculating the sum of values and dividing the result by the number of values in a dataset?
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