on the external price and the amount of variable and fixed costs that can be eliminated assuming no alternative uses of resources. 11. An opportunity cost is the potential benefit obtained by using resources in an alternative course of action. 12. If an incremental make or buy analysis indicates that it is cheaper to buy rather than make an item‚ management should always make the decision to choose the lowest cost alternative. 13. In a sell or process further decision‚ management should process
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Chocolate Hills Tour (with Panglao extras) Looking for a unique way to spend the Good friday‚ I decided to join my friend Lee‚ his special friend Monica‚ Monica’s mother and sister in an amazing adventure in the world famous Chocolate Hills and other places along Bohol’s Tourism highway. Our destinations (in Bohol‚ Philippines): * Chocolate Hills in Carmen * Butterfly Garden in Bilar-The Bohol Butterfly Conservation Center or the Butterfly Garden is home to hundreds of butterfly species
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statements about managerial accountants is false? A. Managerial accountants more and more are considered "business partners." B. Managerial accountants often are part of cross-functional teams. C. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. D. In a number of companies‚ managerial accountants make significant business decisions and resolve operating problems. E. The
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"Cannibal Tours" is a stunning look into a world that most of us never see. Dennis O’Rourke effectively gives us a concrete depiction of the discrepancies between the rich and the poor in different parts of the world‚ focussing on tourism and the anthropology behind it. "Cannibal Tours" opens our eyes into the reality of the world we live in‚ in which the wealthy and carefree take advantage of the poverty stricken natives‚ bargaining for artefacts and souvenirs they can take home as trophies‚ while
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Exam Chapter 1-5 Name 1) Managers usemanagement accounting information to A) implement C) communicate strategy. B) choose D) All of these answers are correct. 2) Place the four business functions in the order they appear along the value chain: Customer service Design Marketing Production A) Design‚ Production‚ Marketing‚ Customer Service B) Customer Service‚ Design‚ Production‚ Marketing C) Design‚ Customer Service‚ Production‚ Marketing D) Customer Service‚ Marketing
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Of Financial and Managerial Accounting Managers According to Horngren‚ Sundem and Stratton in “Introduction to Management Accounting”‚ “Good management is a result of good information‚” (p.3). Collecting and compiling information about a company are the primary responsibilities of both financial and managerial accounting managers. Management accounting produces information for the managers in a company to help fulfill organizational objectives. “Financial accounting produces reports for
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The Gregory of Tours text can provide you with much information on how people of the sixth century lived. The text can also provide much information about the practices of certain religions during the medieval period especially Christianity. The text reveals much information about the Western European Christians that lived during the sixth century. Throughout the stories from the text you will find numerous examples that display the practices‚ values‚ and various other beliefs of these early Christians
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Benedictine University Managerial Economics Individual Work-1 Unit Tutor: Char Lee Racine Student name：Gu Haizhen (Vivian) Date of issue: September 6‚ 2010 Date of submission: September 13‚ 2010 Contents I. 3 II. 4 III. 7 VI. 9 Technical problems I. During a year of operation‚ a firm collects $175‚000 in revenue and spends $80‚000 on raw materials‚ labor expense‚ utilities‚ and rent. The owners of the
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some tips for effective team communications skills * always respect all your follow team members * ensure whether all the team members understand the project requirements. * organize regular team meetings to understand the doubts and queries. * keep every team member informed with the latest project updates. * define the role and responsibility of every team members. * when in a meeting or discussion‚ let everyone have their turn to speak and suggest. * listen to others opinions and
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Name___________________________________ ESSAY. Write your answer in the space provided or on a separate sheet of paper. 1) For each of the following changes‚ show the effect on the demand curve and state what will happen to market equilibrium price and quantity in the short run. a. Consumers expect that the price of the good will be higher in the future. b. The price of a substitute good rises. c. Consumer incomes fall‚ and the good is normal. d. Consumer incomes fall‚ and the good
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