Forgetting about the money that's irretrievably gone and instead focusing on the marginal costs and benefits of future options, is the lesson of which of the following? marginal utility sunk costs marginal analysis budget constraints

Unless the project manager is familiar with the firm's __ it will be very difficult to exercise budget control. budget plans accounting system marketing procedures cost accounting

The kinked-demand curve of an oligopolist is based on the assumption that: competitors will follow a price cut but ignore a price increase. competitors will match both price cuts and price increases. competitors will ignore a price cut but follow a price increase. there is no product differentiation.

In the long run new firms will enter a monopolistically competitive industry: provided economies of scale are being realized. even though losses are incurred in the short run. until minimum average total cost is achieved. until economic profits are zero.

The government cuts business and personal income taxes and increases its own spending. contractionary expansionary

Select all the forms of documentation you can use to defend your store when an alcohol-related incident occurs. Incident Report Forms Witness statements Training records All of the above

Why is it important to offer your customers a reason for your actions? They deserve the right to counter-argue with you. Customers are more likely to cooperate if they understand why you are doing something You want to avoid blame for the decision at all costs As long as you provide a reason, your customers cannot disagree with you

Knowledge Check 01 Which of the following is not one of the categories used to sort costs in managerial accounting? Direct or indirect Manufacturing or merchandising Product or period Relevant or irrelevant

What are the BEs for a successful brand? Be different Be vigilant Be relevant All of the above

Which of the following is a Limited Quantity item? Nail Polish Matches Lithium Batteries

Hot Questions

How can you use the total revenue test to determine elasticity? You know a product is elastic if the price decreases as the total revenue goes down. You know a product is inelastic if the price increases as the total revenue goes down. You know a product is inelastic if the price decreases as the total revenue goes up. You know a product is elastic if the price increases as the total revenue goes down.

Collins believes that business and ethics are contradictory. Good ethics is antithetical with good management True False

Which of the following rating errors occurs when a manager gives low ratings to all employees by holding them to an unreasonably high standard? A severity error A halo error A leniency error A horns error

Which of the principles of AICPA Code of Conduct is most related artilce 5 of the California Accountancy Act? Responsibilities Due care The public interest Objectivity and independence Integrity Scope and nature of services

Multiple Select Question Select all that apply What are examples of economic factors that can help or hinder business? Taxation Contract enforcement Competition

Find the balance of a savings plan after 36 months assuming an APR of $10\% $ (compounded monthly) and monthly deposits of $\$ 105.$ $\$ 4,387.09$ $\$ 4,297.26$ $\$ 4,413.90$ $\$ 4,256.88$ None of the above.

Which is the better buy? 6-pack of envelopes for $\$ 0.36$ 9-pack of envelopes for $\$ 1.08$

Ten years after purchasing $\$ 8,000$ worth of shares in a mutual fund, you sell the shares for $\$ 6,850$ (at a loss). Find the annual return (to the nearest hundredth of a percent) on your investment. $-1.44\% \% $ $-1.54\% \% $ $-1.24\% \% $ $-1.89\% \% $ None of the above.

After all postings have been made the totals of the balances in the accounts receivable subsidiary ledger should equal the balance of the Accounts Receivable account in the general ledger. True or False True False

Which management approach was the first major approach to focus on informal work relationships and employee salisfaction? Bureaucracy Administrative management Scientific management Human relations