Cost-Volume-Profit Analysis MULTIPLE CHOICE QUESTIONS 1. CVP analysis can be used to study the effect of: A. changes in selling prices on a company’s profitability. B. changes in variable costs on a company’s profitability. C. changes in fixed costs on a company’s profitability. D. changes in product sales mix on a company’s profitability. E. all of the above. Answer: E LO: 1 Type: RC 2. The break-even point is that level of activity where: A. total revenue equals total cost. B. variable cost equals fixed
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subject of cost-volume profit analysis under uncertainty has had extensive literature collected in recent years even though the topic has been ignored in most textbooks. In many cases‚ entire chapters are devoted to cost-volume profit analysis but they ignore the possibility that one or more parameters of the problem are completely random and therefore the future values are unknown at the time the decision is made. The reluctance of textbook authors to discuss stochastic CVP models can be attributed
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| Which of the following is a DSS (decision support system) characteristic? DSS | A) | are only used by low level supervisors and managers | B) | are relatively inflexible | C) | have little analytical capability | D) | support the use of analysis tools | E) | rely on existing
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Choose the word that has the underlined part pronounced differently 1. A. Suggestion B. Condition C. Question D. Population 2. A. Which B. Write C. Forward D. Where 3. A. Geography B. Religion C. Glance D. Imagine 4. A. Useful B. university C. umbrella D. uniform 5. A. choose B. watch C. machine D. chance Choose the word which is stressed. 6 .A. stimulate B. competition C. disappointed D. Opportunity 7 A. knowledge B. maximum C. athletics D
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Week 3 Quiz ------------------------------------------------- Return to Assessment List Part 1 of 6 - | 18.0/ 21.0 Points | Question 1 of 32 | 3.0/ 3.0 Points | The endosteum | | | A. lines the medullary cavity. | | | | B. is the unit of compact bone. | | | | C. contains red bone marrow. | | | | D. surrounds the bone surface. | | | | E. is the end of long bones. | | Feedback: Good job! | Question 2 of 32 | 3.0/ 3.0 Points | The site where
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informal affective; reflective emotional; rational distributive; integrative 2 When ________ is of importance in decision making‚ group decisions are preferred to individual decisions. efficiency acceptance of solution clear responsibility speed 3 As a consequence of the information circulated by the grapevine in an organization‚ employees experience increased member satisfaction increased anxiety increased power increased certainty 4 Genepa Corporation manufactures home appliances and
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___________________________________________________________________________ 1. Inventory is usually reported as a long-term asset in the balance sheet. True 2. Cost of goods sold is an asset reported in the balance sheet and inventory is an expense reported in the income statement. True 3. False Using the first-in‚ first-out method (FIFO)‚ the first units purchased are assumed to be the first ones sold. True 9. False Companies are not allowed to report inventory costs by assuming which units of inventory are sold and which units
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1) Diversification can be accomplished by adding a stock that is perfectly positively correlated with the investor’s existing stock portfolio. 2) As the number of stocks in the portfolio increases‚ the diversifiable risk of the portfolio reduces. 3) When stock returns do not move perfectly with each other‚ the variations in the returns on one stock may be countered by variations in other stocks’ returns. 4) A perfectly diversified portfolio will still have risk equal to systematic risk Explanation:
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applying cost-volume-profit analysis to Obiwan Canopy Company. The cost-volume-profit (CVP) analysis is the systematic examination of the relationship between selling prices‚ production volumes‚ costs‚ expenses and profits. This analysis provides very useful information for decision-making in the management of Obiwan Canopy Company (OCC) as they can use it to examine changes in profits in response to changes in sales volumes‚ costs and prices. Firstly‚ OCC can use CVP analysis in establishing the selling
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Chapter 3 Quiz Your response has been submitted successfully. Points Awarded 13 Points Missed 17 Percentage 43% 1. What happens in the market for wheat when dry winter weather causes a poor harvest? A. The supply of wheat decreases and the demand remains unchanged. B. The demand for wheat increases and the supply decreases. C. The demand for wheat increases and the supply remains unchanged. D. The demand for wheat decreases and the supply increases. Incorrect! The supply
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