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Stichworte: decreasing cost industry
Shifting the cost structure from fixed to variable cost, ______ the potential for profits.
Differential costs, opportunity costs and sunk costs are all cost classifications used in:
Which of the following is true of speed as a success driver of organizational performance?
Is the customers perception that a product has a better relationship between the cost and the benefits of that particular product than the competitors?
When evaluating work packages that have a negative cost variance you should focus on taking corrective actions to reduce the costs of quizlet?
When evaluating work packages that have a negative cost variance you should focus on taking corrective actions to reduce the costs of group of answer choices?
How did mechanization transform the garment industry at the end of the nineteenth century?
Which accounting principle requires expenses in the same period as the sales they helped to produce?
Which accounting concept or principle states that the transactions of business must be recorded separately from those of its owners or other businesses?
What charts the cost to the company of the unavailability of information and technology and the cost to the company of recovering from a disaster over time?
Which institute is a collection of engineers who work together to create standards used throughout the networking industry?
Why is top down estimating generally not effective at developing a low cost project estimate?
When the current years ending inventory is overstated the current years cost of goods sold is overstated?
Which inventory costing method approximates most closely the current cost for cost of goods sold and ending inventory?
In applying the lower of cost or market method to LIFO inventory valuation, market is defined as
When reporting inventory using the lower of cost or market method realizable market value should not be less than?
When valuing raw materials inventory at lower of cost or market what is the general meaning of the term market?
It refers to anything ( a product, product line, a business segment) for which cost is computed
Which of the following is an advantage of using the sales comparison approach to valuation?
Which of the following production operations would be most likely to employ a job order system of cost accounting?
In a job-order cost system, direct labor costs usually are recorded initially with a debit to:
For an automotive repair shop, the wages of mechanics would be classified as direct labor cost.
Under which of the following conditions will the first in first out method of process costing yield the same cost per equivalent unit as the weighted average method?
When actual fixed overhead cost is less than budgeted fixed overhead cost the budget variance is labeled?
Which of the following is the difference between actual and budgeted amounts of fixed overhead costs?
Which method of transfer pricing is used if both the division are free to deal either with each other or in the external market?
What is typically thought of in terms of one companys profitability relative to that of other companies in the same or a similar type of business or industry?
The competitive firms long-run supply curve is that portion of the marginal cost curve that
Which strategy is most suitable for the firm that face both high cost pressures and high pressures for local responsiveness?
The prior experience method to make time and cost estimates works best for large projects.
When price differences are greater than the cost of transportation between two markets the possibility of?
Which of the following is not a characteristic of a monopolistically competitive industry?
Emphasis on process design is high during the __________ stage of the industry life cycle.
How does business/it alignment help companies gain a competitive advantage in the marketplace
What is the major difference between service and merchandising companies in terms of accounting?
What is it called when individuals or organizations incur an expense to move from one product or service to another?
A(n) ______ discount is when large quantities or packages cost only a little more than smaller ones.
Which industry sector tends to naturally promote small scale business es and entrepreneurship and generally has lower barriers to market entry?
What impact did US government policies have on business and industry during the late 1800s?
Which theory states that deviant behavior occurs when a person weighs the cost and benefits of deviant behavior and concludes that the benefits outweigh the risks?
What are some of the challenges with the waterfall methods that prompted the software industry to come up with alternatives like agile Select 2?
What is the result if a company uses the wrong cost driver to assign manufacturing overhead?
How can a company improve cost competitiveness on the distribution side of its value chain?
Which of the following costs should not be taken into consideration when making a decision?
Given the cost formula Y = $12,500 $5X, total cost for an activity level of 4,000 units would be
Which of the following is a drawback to the infant industry justification for protectionism quizlet?
How do you think the CEOs leadership style may have impacted the outcome of the EHR implementation
What are the most successful solutions or problem solving methods that have been developed by a specific organization or industry?
Which of the following are good opportunities for a company pursuing a low-cost provider strategy?
Managers must make strategic trade-offs involving choices between cost and value because ______.
What are the implications of increasing marginal opportunity costs for the shape of the production possibilities frontier?
Is the ability of an individual firm or country to produce a good or service at lower opportunity cost than competitors quizlet?
What is it called when one producer has a lower opportunity cost of production than another producer for a product quizlet?
When one nation can produce a product at lower cost relative to another nation it is said to have a blank in producing the product?
What term is used to describe when one nation can produce a product at lower cost relative to another nation?
When a country can produce a good at a lower opportunity cost than another country that country has a ___ in that good?
Is the value of middle most observation in the data when the observations are arrange in increasing or decreasing order of their values?
The opportunity cost of an alternate course of action that is relevant to a make-or-buy decision is
What are the 3 main reasons why relational databases have been the most popular in industry for the last 30 years?
Which of the following best explains why the short-run average total cost curve is u-shaped?
When a firm produces 4 units of output Its total cost is 40 and total variable cost is 20 calculate average fixed cost?
Which one of the following statements is true to the relationship between marginal cost function and average cost function?
In the short run the firm will realize an economic loss but will continue to produce if the price is
What would happen to the equilibrium price and quantity of lattes if the cost of producing steamed milk rises?
In a cost benefit analysis the expected frequency of an attack expressed on a per year basis
What are the different types of firms in the securities industry and how does each type differ from the others?
What are some of the five forces driving industry competition that are affecting the profitability of Kroger?
What is an integrated set of actions taken to produce goods or services with features that are acceptable to customers at the lowest cost relative to that of competitors?
Which of the following best describes a company that has adopted a low-cost producer strategy?
Wearable health devices can help your doctor in all of the following ways except which one?
When a perfectly competitive industry is in long run equilibrium firms in that industry are?
What is a standard cost the amount management thinks that should be incurred to produce a good or service?
How do well managed firms respond to the five forces that determine industry attractiveness?
The five competitive forces model is a framework for understanding the structure of an industry
What is differentiation How does differentiation help the organization to develop the competitive edge?
Which costing is the process of cost reduction during the manufacturing phase of an existing product?
Which of the following is often cause of difference between actual and standard cost of material and Labour?
Which of the following unfavorable cost variances would be the least relevant in evaluating the performance of a production supervisor?
All of the following are health care cost-control methods used by employers except ________.
It involves deciding how to approach and plan the risk management activities for the project
What would happen to the equilibrium price and quantity of lattes If the cost of producing steamed milk which is an ingredient in the production of lattes rises?
_____ is the process of monitoring the project costs and managing changes to the cost baseline.
Is an estimating technique that uses the cost of a similar previous project as a starting point for creating a cost estimate for a new project?
Which of Porters five forces is generally the strongest industry force and is influenced by all other forces?
In which of the following ways may staffing practices change in response to benefit cost controls?
Information systems can help an organization support a strategy of being a low-cost producer.
What is the difference between an institutional based view of global business and a resource based one?
Which of the following activities is not associated with the cost management information system?
Which accounting is concerned with the use of accounting information by managers within organizations?
Which of the following correctly describes an example of following the cost leadership strategy
Which of the following best describes the type of information that cost management must provide that is most important for the success of the organization quizlet?
During which step of value chain analysis will the company discover whether or not it has a cost advantage and why?
What can a manager determine by changing revenue and cost variables in an optimization analysis?
Which of the following factors should a company consider when determining if an industry offers good prospects for attractive profits?
Why did John Dickinson writing as a farmer argue that even though the Townsend duties did not cost much they were still unjust?
Which of the following technology-based training methods has a relatively low development cost?
What is the term for the money a business brought in after the cost and expense of running the business are subtracted?
Which term refers to the security efforts that are considered among the best in the industry?
Personal selling would be a cost-effective form of promotion for which of the following products:
Which document addresses where the project stands in terms of meeting scope, time, and cost goals?
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