Sunk costs - Guides d'étude, Notes de cours & Résumés

The term "emerging economies" has replaced the term _____. - Correct answerDeveloping countries The gross domestic product plus the income from non-resident sources abroad gives the ____. - Correct answer-gross national product More than 25% of global GDP comes from _____. - Correct answer-BRICS countries Viewing the global economy as a pyramid, the Triad refers to _____. - Correct answerNorth America, Western Europe, and Japan People who earn _____ a year comprise the base of the global ...

WGU C213 Final Exam (verified answers 2022)Order of assets listed on the balance sheet Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term investment into cash). Accounts receivable would be listed next followed by inventory, and long-term investments, fixed assets, and intangibles. Current assets ...

AREC 202 Practice Exam QUESTIONS AND ANSWER 2024/2025 FULLY SOLVED 100% 1. The optimal level of any activity (for consumers, firms or governments) is where A) average benefits from this activity equal average costs of this activity. B) total benefits from this activity equal total costs of this activity. C) marginal benefits from this activity equal marginal costs of this activity. D) marginal benefits from this activity are maximized. 1. To decide whether to increase an activity by one ...

APSC 221 Midterm 1 Question and answers correctly solved 2024/2025 APSC 221 Midterm 1, MC Qs Sunk costs should be included in an engineering economic analysis. T or F - correct answer False The arrow on the graph is pointing to the breakeven point. T or F - correct answer True _______ are costs that are difficult to attribute or allocate to a specific output or work activity. Standard costs Indirect costs Variable costs Sunk costs - correct answer Indirect costs One reas...

Focuses on the effect of alternative courses of action on the relevant revenues and costs correct answer incremental analysis Amount of increase or decrease in revenue expected from a course of action as compared with alternative correct answer relevant revenue Amount of increase or decrease in cost that is expected from a course of action as compared with an alternative correct answer relevant cost Cost that have been incurred in the past and are not relevant to a decision correct answ...

APSC 221 Question and answers rated A+ 2024/2025 APSC 221 (T/F)A license fee is an example of an incremental cost. - correct answer False (T/F) The general Price-Demand relationship can be expressed as a linear function. - correct answer True 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 fre...

What is economics, and what does it have to do with your life? The study of how people make choices under conditions of scarcity What is the difference between microeconomics and macroeconomics? Macro: the study of national economies and policies the government uses to improve performance. Micro: the study of choice under scarcity and its implications for behaviors of prices/quantities for an individual market. What are the opportunity costs in general? How are they being calculated in a t...

MAC2601 Principles of Management Accounting 100 Marks Duration 2 Hours This paper consists of twelve (12) pages (including this page). Instructions: 1. This paper consists of FIVE (5) questions and all five questions must be answered. 2. Each question attempted, must commence on a new (separate) page. 3. You may answer the questions in any order, but each answer must be numbered exactly the same as the corresponding question. 4. For questions 1 – 4, all calculations must be show...

What is economics, and what does it have to do with your life? The study of how people make choices under conditions of scarcity What is the difference between microeconomics and macroeconomics? Macro: the study of national economies and policies the government uses to improve performance. Micro: the study of choice under scarcity and its implications for behaviors of prices/quantities for an individual market. What are the opportunity costs in general? How are they being calculated in a t...

When evaluating a new project, the firm should consider all of the following factors except: a. Changes in working capital attributable to the project. b. Previous expenditures associated with a market test to determine the feasibility of the project, if the expenditures have been expensed for tax purposes. c. The current market value of any equipment to be replaced. d. The resulting difference in depreciation expense if the project involves replacement. e. All of the above should be cons...