relevant. It is more likely that full product costs will be relevant costs for long-run pricing decisions. 12-3 Two examples of pricing decisions with a short-run focus: 1. Pricing for a one-time-only special order with no long-term implications. 2. Adjusting product mix and volume in a competitive market. 12-4 Activity-based costing helps managers in pricing decisions in two ways. 1. It gives managers more accurate product-cost information for making pricing decisions. 2. It helps managers
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1/4‚ 1/6‚ and 1/6‚ respectively‚ that the attendant receives $7‚ $9‚ $11‚ $13‚ $15‚ or $17 between 4:00 P. M. and 5:00 P. M. on any sunny Friday. Find the attendant’s expected earnings for this particular period. 4.7 By investing in a particular stock‚ a person can make a profit in one year of $4000 with probability 0.3 or take a loss of $1000 with probability 0.7. What is this person’s expected gain? 4.10 Two tire-quality experts examine stacks of tires and assign a quality rating to each tire on
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Business Research Ethics Business Research Ethics Ethics are important for a multitude of reasons in organizations. Many organizations follow ethical protocols as a way of showing exceptional business practice. Ethics are important in relation to business research. This paper will evaluate a case where unethical business research took place in an organization. The objective is to discuss this case and various key points where some ethical issues were taken into consideration. This article analyzes
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FOREIGN POLICY “Foreign Policy begins where domestic policy ends” (Henry Kissinger) INTRODUCTION Foreign Policy refers to the ways in which the central governments of sovereign states relate to each other and to the global system in order to achieve various goals or objectives. A country’s foreign policy is a set of political goals that seeks to outline how that particular country will interact with other countries of the world and‚ to a lesser extent‚ non-state actors. Foreign policies
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from the mean. True or false: The standard deviation can never be 0. Explain your response. (1 point) False-if the SD can be zero then the variance can also be zero. If variance of zero is squared then‚ it will still be zero. The Pearson r correlation coefficient is used with _____ level data. Pearson r coefficients can range from ______ to ______. (2 points) Interval/ratio level data. 0.00-+/-1.00 A researcher is investigating the effects of anxiety on creativity. Individuals with varying
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increased. | C) | Finished Goods Inventory has decreased. | D) | Work in Process Inventory has decreased. | 5. | Sales are $500‚000 and variable costs are $350‚000. What is the contribution margin ratio? | A) | 43%. | B) | 30%. | C) | 70%. | D) | Cannot be determined because amounts are not expressed per unit. | 6. | Barcelona Bagpipes produces two models: Model 24 has sales of 500 units with a contribution margin of $40 each; Model 26 has sales of 350 units with a contribution margin
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“Correlation doesn’t equal causation” Albert Einstein once said “The world is in greater peril from those who tolerate or encourage evil than from those who actually commit it.” At this point in my life‚ I couldn’t have found that statement to be any truer. I’m an activist‚ an avid one at that. I try to fight evil educating others‚ on what not many people have ever even questioned before; Vaccines. When I tell most people this‚ their first reaction is “oh‚ you’re one of those people” or “I get it
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Chapter 7 Variable Costing: A Tool for Management Solutions to Questions 7-1 The basic difference between absorption and variable costing is due to the handling of fixed manufacturing overhead. Under absorption costing‚ fixed manufacturing overhead is treated as a product cost and hence is an asset until products are sold. Under variable costing‚ fixed manufacturing overhead is treated as a period cost and is charged in full against the current period’s income. 7-2 Selling and administrative expenses
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1 BUSINESS RESEARCH ETHICS BUSINESS RESEARCH ETHICS RES/351 January 15‚ 2014 Aruna Abeyakoon Business Research Ethics The ethics in the business of research does refer to the code of conduct that would be expected to be observed while conducting the research. The ethical conduct applies to both the organization and the individual researcher of the conducting research. Such ethical behavior must be included in the steps of the research
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Stages of the Research Process Eric Watkins RES/351 October 08‚ 2014 Robert Caldwell Stages of the Research Process Research engages a systematic procedure that focuses on being goal oriented and collecting a ton of data for investigation so the investigator can arrive at a conclusion. This procedure is employed in all research and assessment projects‚ aside from the research approach (scientific method of inquiry‚ assessment research‚ or action study). Using this system‚ the research
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