APSC 221 Final Exam Question and answers verified to pass 2024/2025
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Course
APSC 221
Institution
APSC 221
APSC 221 Final Exam Question and answers verified to pass 2024/2025 APSC 221 Final Exam
Working capital refers to the funds required for current assets that are needed for the start-up and support of operational activities. (T/F) - correct answer True
A license fee is an example of an inc...
APSC 221 Final Exam
Working capital refers to the funds required for current assets that are needed
for the start-up and support of operational activities. (T/F) - correct answer
✔True
A license fee is an example of an incremental cost. (T/F) - correct answer
✔False
One reason why perfect monopolies rarely occur in practice is because:
a) Few products are so unique that substitutes cannot be used.
b) A large number of vendors can supply the same product.
c) Additional suppliers can enter the marker freely
d) People usually stop buying the product before this occurs. - correct answer
✔A
Your company must decide what to do with an old pump it purchased 12
years ago. The pump hasn't been used for two years and is now in storage.
You have collected the following data;
Purchase price 12 years ago = $7,000
Storage costs to date = $500
Current price for a new pump = $12,000
Amount offered for the pump two years ago = $1,250
Best estimate of what the pump would bring today = $1,000
What is the opportunity cost associated with this pump?
, a) $1,750
b) $1,500
c) $1,000
d) $1,250 - correct answer ✔C
An internet provider has a fixed cost of $740 a month and variable costs of
$50a month per subscriber. If the company charges $70 a month for the
service, what is the breakeven point for the company in terms of subscribers
per month? (round to nearest whole number) - correct answer ✔37
An index is a dimensionless number that indicates how a cost or price has
changed with time with respect to a base year. (T/F) - correct answer ✔True
The power-sizing technique is sometime referred to as a linear model. (T/F) -
correct answer ✔False
Which technique sums the product of several quantities or components and
adds these to any components estimated directly?
a) Unit technique
b) Power-sizing technique
c) Factor technique
d) Adding technique - correct answer ✔C
What does Cn stand for in the index equation?
a) Reference year for which cost is known.
b) Cost or price of the item in reference year.
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