Knowledge Check Week 2Results Concepts Marginal Revenue‚ Marginal Cost‚ and Production Marginal Productivity Mastery 100% Questions Score: 12/14 1 2 3 7 100% 4 5 6 9 11 Average Total Cost 0% 8 10 Fixed and Variable Costs 100% 12 13 14 Concept: Marginal Revenue‚ Marginal Cost‚ and Production Concepts Marginal Revenue‚ Marginal Cost‚ and Production Mastery 100% Questions 1 2 3 7 1.Purely competitive firms increase total
Premium Costs Economics Marginal cost
information system must perform? Student Answer: Feasibility study Requirements analysis Systems design Test plan development Instructor Explanation: p. 497 Points Received: 1 of 1 Comments: 5. Question : The entire system-building effort is driven by Student Answer: organizational change. feasibility studies. the information value change. user information requirements. Instructor Explanation: p
Premium Project management
1. Question : (TCO 1) Software designed to support the payroll function would best be classified as Student Answer: application software. system software. design software. analysis software. a decision support system. Instructor Explanation: Chapter 1‚ page 4 Points Received: 3 of 3 Comments: Question 2. Question : (TCO 1) Which of the following is NOT a function of decomposition? Student Answer: Permit different
Premium Understanding Question Decision support system
TWO-VARIABLE 1 Running header should use a shortened version of the title if the title is long. Page number is located at right margin. (full title; centered horizontally & vertically) Two-Variable Inequalities John Q. Student MAT 222 Week 2 Assignment Instructor’s Name Date Running Header: TWO-VARIABLE 2 Two-Variable Inequalities (title required on first line) Continuing last week’s topic of functions and relationships between variables‚ this week’s work examines a practical
Premium Linear equation Elementary algebra Binary relation
Week 5 : Spoilage and Inventory Management - Quiz 1. (TCO 6) MedicalTechnical‚ Inc. manufactures surgical instruments to the exacting specifications of various customers. During April 2005‚ Job 911 for the production of 4‚500 instruments was completed at the following costs per unit. Direct materials $ 60 Direct manufacturing labor 20 Allocated manufacturing overhead 80 $160 Final inspection of Job 911 disclosed 100 defective units and 50 spoiled units. The defective instruments
Premium Manufacturing Supply chain management terms Inventory
1. Question : (TCO A) There is a decrease in the cost of labor for producing bicycles. (4 pts.) What happens to bicycle supply? (6 pts.) What happens to bicycle demand? Student Answer: When there is an increase in the price of labor for making bicycles the supply would decrease because it would cost more to make the bikes and the supply curve would shift to the left. There would be no change in the demand for the bicycles. Instructor Explanation: Since a change in costs to produce the
Premium Supply and demand Price elasticity of demand
income. Instructor Explanation:Chapter 12 Points Received: 5 of 5 Comments: 2. Question : (TCO D) For which of the following decisions are opportunity costs relevant? (A)The decision to make or buy a needed partThe desision to keep or drop a product line Yes Yes (B) Yes No (C) No Yes (D) No No Student Answer: Choice A Choice B Choice C Choice D Instructor Explanation: Chapter 13 Points Received: 5 of 5 Comments: 3. Question : (TCO D) Last year‚ the House of
Premium Variable cost Total cost Costs
. (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2‚250‚000 and direct labor hours are budgeted at 415‚000 hours. Actual overhead was $2‚200‚000 and actual direct labor hours worked were 422‚000. (a) Calculate the predetermined overhead rate. Rate‚ based on budgeted factory overhead cost and budgeted activity‚ that is established before a period begins. 2‚250‚000/415‚000 Budgeted
Premium Costs Variable cost Cost
Question 1 (5 points) $100 today is worth the SAME as $100 tomorrow. Your Answer Score Explanation True False Correct 5.00 Correct. Total 5.00 / 5.00 Question Explanation We have assumed time value of money is positive. Question 2 (5 points) At an interest rate of 10% it is better to have $200 today than $200 in 2 years. Your Answer Score Explanation False True Correct 5.00 Correct. Total 5.00 / 5.00 Question Explanation All about compounding. Question 3 (5 points) Shawn wants to buy
Premium Time value of money College tuition Money
honest B.mandates that parties must have legal capacity to enter a contract C.turns a contract into a criminal case if fraud is present Correct D.requires that some contracts be in writing in order to be enforced Answer Key: D Question 5 of 10 10.0 Points A counter offer is a rejection of the offer. Correct A.True B.False Answer Key: A Question 6 of 10 10.0 Points All of the following are defects that would trigger strict liability except: Correct A.customer using the
Premium Contract Law