Apsc 221 chapter 1 - Study guides, Class notes & Summaries

APSC 221 Chapter 1 Question and answers correctly solved 2024/2025 APSC 221 Chapter 1-6 Fixed cost - correct answer those unaffected by changes in activity level over a feasible range of operations for the capacity or capability available Ex. Insurance, general management and administration salaries disbursement - correct answer money spent receipt - correct answer money recieved Variable cost - correct answer those associated with an operation that varies in total with the...

APSC 221 Chapter 17 Question and answers correctly solved 2024/2025 APSC 221 Chapter 17: Managing the Business Enterprise Management: - correct answer the process of planning, organizing, leading and controlling an enterprise's financial, physical, human and information resources to achieve the organization's goals Efficiency: - correct answer achieving the greatest level of output with a given amount of input Effectiveness: - correct answer achieving organizational goals th...

APSC 221 Chapter 12 Question and answers rated A+ 2024/2025 APSC 221 Chapter 12: Change Management Change management ensures and enables... - correct answer Ensures that whatever is changed will not disrupt the workings of the whole machine. And enables the effective execution of the relevant change management activities required to make a change occur Change initiatives can be categorized into three main types: - correct answer 1) Transformational change 2) Bounded change 3) Delive...

APSC 221 Chapter 14 Feasibility Analysis Questions with complete solution 2024/2025 APSC 221 Chapter 14 Feasibility Analysis Feasibility analysis - correct answer the process of determining if a business idea is viable 4 key areas of a feasibility analysis - correct answer 1) product/service feasibility 2) industry/target market feasibility 3) organizational feasibility 4) financial feasibility product/service feasibility is - correct answer an assessment of the overall appeal...

APSC 221 Chapter 13 Question and answers already passed 2024/2025 APSC 221 Chapter 13: Recognizing Opportunities and Generating Ideas Opportunity is - correct answer a favourable set of circumstances that creates a need for a new product, service or business Ideas are - correct answer a thought, an impression or a notion The 4 essential qualities of an opportunity are - correct answer attractive, timely, durable and anchored in a product, service or business that creates or adds ...

APSC 221 Chapter 15 Question and answers verified to pass 2024/2025 APSC 221 Chapter 15: Assessing a New Venture's Financial Strength and Viability Financial management deals with which two areas? - correct answer raising money and managing a company's finances in a way that achieves the highest rate of return The four main financial objectives of businesses are - correct answer profitability, liquidity, efficiency and stability Profitability - correct answer the ability to...

APSC 221 Chapter 7 Question and answers rated A+ 2024/2025 APSC 221 Chapter 7-11 Taxes are a disbursement - correct answer disbursement- money spent T/F income taxes reduce the benefits of a successful project - correct answer True T/F income taxes reduces the costs of an unsuccessful project - correct answer True In a loss-generating project, the net savings in tax can be viewed as what - correct answer a negative disbursement (receipt?) tax credits - correct answer r...

APSC 221 Questions with complete solution 2024/2025 APSC 221- Chapter 1 Notes in engineering economic analysis, both cash costs and noncash costs need to be considered for the analysis: T or F - correct answer F; only costs that are cash flows or potential cash flows. Reduction in value is not a cash flow but it is still important for the analysis because it affects income taxes which are cash flows skunk cost - correct answer one that has occurred in the past and has no relevance to ...