11 Chapter 11 Relevant Costs for Decision Making Solutions to Questions 11-1 A relevant cost is a cost that differs between alternatives in a decision. 11-2 An incremental cost (or benefit) is the change in cost (or benefit) that will result from some proposed action. An opportunity cost is the benefit that is lost or sacrificed by not taking some course of action. A sunk cost is a cost that has already been incurred‚ and that cannot be changed by any future decision. 11-3 No. Variable
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Chapter 11 Student: ___________________________________________________________________________ 1. As coca-cola faced problems in the late 1990s‚ Douglas Daft changed strategies and focussed on ____________? A. price B. quantity C. quality D. tailoring strategy to meet local needs E. centralizing firm decisions in Atlanta 2. Profit can be defined as: A. costs minus profits B. the difference between time and money C. quantity times profit D. sales plus costs E. the difference between TR and TC
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policy or procedure. Ex: An example of an innovation is that of a three-wheel car in 1886 by Mercedes Benz. * People use innovations for competitive advantage or to increase market share or ta have a better system‚ but is innovation alone essential in an existence of an organization? 2. Innovation is a game changer: Something that is perceived to be different and could contribute to a change in lifestyle. As said by Sheremata in “Strategy in Network Markets” there are two types of innovation:
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Chapter 11 Practice Test Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Why were changes to manufacturing needed in the mid-1700s? a. Factory owners were not satisfied with the size of their profits. b. Demand was greater than the available supply of goods. c. Workers were not satisfied with the level of their daily wages. d. Traders faced higher shipping prices for smaller amounts of goods. ____ 2. Which small‚ inexpensive
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Chapter 11 Mini Case‚ Q1-4 ONLY‚ pgs. 353-354 1. Compute the yield to maturity and the after-tax cost of debt for the two bond issues. Bond 1 | | Maturity | 12 | Coupone | 3‚5% | Par | 1000 | Flotation | 0 | PV | 1031 | Before tax | 3‚19% | After tax cost of Bond | 2‚10% | Bond 2 | | Maturity | 32 | Coupone | 4‚0% | Par | 1000 | Flotation | 0 | PV | 1035 | Before tax | 3‚8% | After tax cost of Bond | 2‚5% | 2. Compute BioCom’s cost of preferred stock
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Chapter 11: Communication *I didn’t write definitions for obvious terms. Communication must include both the transfer and understanding of meaning pg. 336 1. Function of communication 2. Communication process a. Communication Process (1) the sender‚ (2) encoding‚ (3) the message‚ (4) the channel‚ (5) decoding‚ (6) the receiver‚ (7) noise‚ and (8) feedback. Pg.338 b. Formal Channels are established by the organization and transmit messages related to the professional activities of members
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changes. Selected Answer: Psychological Correct Answer: Psychological Question 4 1 out of 1 points While psychological factors have a significant effect on the success of a pricing strategy‚ answers to the questions that marketing managers have‚ may require ___________. Selected Answer: Considerable marketing research Correct Answer: Considerable marketing research Question 5 1 out of 1 points Prestige pricing‚ odd pricing and ____________ are three types of psychological
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Nature release THE ESSENTIALS OF PROJECT MANAGEMENT SECOND EDITION The Essentials of Project Management Second Edition Dennis Lock Gower O Dennis Lock 2001 A l rights reserved. No part of this publication may be reproduced‚ l stored in a retrieval system‚ or transmitted in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise without the permission of the publisher. First published 1996 This edition published by Gower Publishing Limited Gower
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Chapter 11 Section Assessments Section 11.1 7. How do you write a word equation? To write a word equation‚ write the names of the reactants separated by plus signs followed by an arrow‚ and followed by the names of the products separated by plus signs. 8. How do you write a skeleton equation? To write a skeleton equation‚ write the formulas of the reactants to the left of the arrow and the formulas of the products to the right of the arrow. 9. Describe the steps in writing a balanced chemical
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Kendra Hall 9-11-13 Laurie Willis Chapter 11 DEA Short-Answer Questionss 1. The size and shape of teeth determine their functions because primary teeth are different shape and size of adult teeth‚ so they do different things‚ and aren’t able to do as much work as adult teeth. 2. Incisors: Incisors are designed to cut food without using heavy force. The tongue side is shaped like a shovel to guide food into the mouth. Canines: Canines are designed for cutting and tearing foods‚ which needs
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