1 In many industries that have a process manufacturing operation‚ the production process is of a nature that some units will always be lost due to evaporation‚ shrinkage‚ spillage‚ or other factors. These normal losses: a. are treated as period costs. b. are absorbed by good units. c. are charged to a separate Loss from Normal Spoilage account. d. are 100% avoidable costs. status: incorrect (0.0) correct: b your answer: c feedback: Incorrect. Normal losses are expected in the manufacturing
Premium Cost accounting Costs
STEPS OF THE SCIENTIFIC METHOD‚ ARE INTRODUCED. THE APPENDIX INTRODUCES THE USE OF GRAPHS. CHAPTER OUTLINE THE ECONOMIC PROBLEM: SCARCE RESOURCES‚ UNLIMITED WANTS Use PowerPoint slide 3 for the following section Economics is about making choices. The problem is that wants or desires are virtually unlimited while the resources available to satisfy these wants are scarce. A resource is scarce when it is not freely available‚ when its price exceeds zero. Economics studies how people use their
Premium Economics
The term “expectations gap” has been coined to describe: a) The difference between what the public thinks it is receiving in audited financial statements‚ and what the public is actually receiving. b) The expectation that business exists to serve the needs of the shareholders and society. c) The opinion of the public that the public’s physical wellbeing‚ and the wellbeing of some workers‚ is threatened by corporate activity. d) That directors‚ executives and managers are human‚ and make mistakes
Premium Ethics Corporate governance
Unit 18 B Study Guide 1. Find the solubility (in mol/L) of lead(II) chloride (PbCl2) at 25oC. Ksp = 1.62e–5. A) 1.59e–2 B) 2.53e–2 C) 6.64e–17 D) 2.01e–3 E) 2.01e–2 2. The two salts AgX and AgY have very similar solubilities in water. It is known that the salt AgX is much more soluble in acid than is AgY. What can be said about the relative strengths of the acids HX and HY? A) Nothing. B) HY is stronger than HX. C) HX is stronger than HY. D) The acids have equal strengths. E)
Premium Solubility Concentration Sodium chloride
MICROECONOMICS CHAPTER 1 The Market Economy What is to be done? —Lenin When future historians look back on the close of the 20th century‚ one of the most sweeping changes they will note is the collapse of centrally planned economies in Eastern Europe. It is not far off to say that the Cold War between the United States and the Soviet Union was won not by the armies of the United States and its allies‚ but by the productive power of Western market economies. Mikhail Gorbachev‚ then leader of the Soviet
Premium Supply and demand
retail bank overcomes the limitations of thirty-year-old "legacy" microeconomics systems to launch a high-tech operation that offers its customers a complete range of banking services over the telephone. Another bank is able to roll out‚ within three months of an acquisition‚ information systems that deliver the same level of service to all customers at all branches‚ new and old. (Richard 2002‚ 177) For these companies‚ Microeconomics has genuinely become an enabler of change that boosts competitive
Premium Management Bank Economics
Are short-answer questions better than multiple-choice questions for assessing the understanding of English language learners? Assessment is an essential and vital source of information about students ’ language-learning needs (Gibbons‚ 2002). Assessments are a good way for teachers to get an idea of what their students already know and good at and to assess and evaluate which areas of language needs reinforcement. Teachers through day-to-day teaching and learning activities can assess their
Premium Multiple choice Assessment Answer
Week 2 9. Which of the following is not a valid SELECT statement? a. SELECT cost-retail FROM books; b. SELECT retail+cost FROM books; c. SELECT retail * retail * retail FROM books; d. SELECT retail^3 from books; Week 3 3. Which of the following SQL statements is valid? a. SELECT order# FROM orders WHERE shipdate = NULL; b. SELECT order# FROM orders WHERE shipdate = ’NULL’; c. SELECT order# FROM orders WHERE shipdate = "NULL"; d. None of the statements are valid. 9. Which of the following
Premium SQL
Chapter -1 1. The study of microeconomics includes the study of - Output and employment growth as markets expand in reaction to a rising price level in the economy. - Business investment and government spending in the marketplace. - The number of new jobs and income created as the economy grows. - How firms‚ workers‚ consumers‚ and investors interact and make decisions in the marketplace. Microeconomics is the study of the behavior of individual economic units: consumers‚ firms‚ workers
Premium Supply and demand Economics Costs
from 200 to 400 pounds? 5. Can you explain why the answers to parts 3. and 4. above are not the same? What does this imply about the slope of the production possibility frontier? --------------------- References: Grading Rubric Microeconomics: Unit 2 Assignment: PPF and Opportunity Costs | Content | Points Possible | Points Earned | Draw production possibility frontier (PPF) | 3 | | Analyze feasible/infeasible production | 2 | | Compute opportunity cost of increasing annual
Premium Economics Opportunity cost Microeconomics