Price takers - Study guides, Class notes & Summaries
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WGU D101 Cost and Managerial Accounting 2023/2024 Exam
- Exam (elaborations) • 28 pages • 2023
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What is a price taker? - ANSWER-A company that has to accept the price that the market sets for a good. They have no influence over setting the price. 
 
What is a price maker? - ANSWER-a firm possessing the power to set the price within the market. They still need to track all costs in order to make sure they are making an adequate return. 
 
What is the major purpose and use of job order costing? 
 
a. To create a system that tracks both manufacturing and period costs and assigns both to produ...
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Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray
- Exam (elaborations) • 450 pages • 2024 Popular
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Test Bank For Entrepreneurship: The Practice and 
Mindset 1st Edition by Heidi M. Neck Christopher P. 
Neck ,Emma L. Murray 
Chapter 1: Entrepreneurship: A Global Social MovementTest Bank 
Multiple Choice 
1. The authors define entrepreneurship as . 
a. a discipline that seeks to understand how opportunities are discovered, created, and 
exploited, by whom, and with what consequences 
b. starting a small business by finding investors and launching a product 
c. developing a new market by crea...
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WGU D101 Cost and Managerial Accounting | 110 Questions with 100% Correct Answers | Verified | Latest Update | 52 Pages
- Exam (elaborations) • 52 pages • 2023
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What is a price taker? - A company that has to accept the price that the market sets for a 
good. They have no influence over setting the price. 
What is a price maker? - a firm possessing the power to set the price within the market. They 
still need to track all costs in order to make sure they are making an adequate return. 
What is the major purpose and use of job order costing? 
a. To create a system that tracks both manufacturing and period costs and assigns both to 
products 
b. To create...
-
WGU D101 Cost and Managerial Accounting Exam Questions and Answers 2024.
- Exam (elaborations) • 28 pages • 2024
- Available in package deal
-
- $12.99
- + learn more
WGU D101 Cost and Managerial Accounting Exam Questions and Answers 2024. 
What is a price taker? - ANSWER A company that has to accept the price that the 
market sets for a good. They have no influence over setting the price. 
What is a price maker? - ANSWER a firm possessing the power to set the price within 
the market. They still need to track all costs in order to make sure they are making an 
adequate return. 
What is the major purpose and use of job order costing? 
a. To create a system th...
-
WGU D101 Cost and Managerial Accounting Exam Questions and Answers 2024.
- Exam (elaborations) • 28 pages • 2024
- Available in package deal
-
- $12.99
- + learn more
WGU D101 Cost and Managerial Accounting Exam Questions and Answers 2024. 
What is a price taker? - ANSWER A company that has to accept the price that the 
market sets for a good. They have no influence over setting the price. 
What is a price maker? - ANSWER a firm possessing the power to set the price within 
the market. They still need to track all costs in order to make sure they are making an 
adequate return. 
What is the major purpose and use of job order costing? 
a. To create a system th...
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WGU D101 Cost and Managerial Accounting Exam Questions and Answers 2024.
- Exam (elaborations) • 28 pages • 2024
- Available in package deal
-
- $12.99
- + learn more
WGU D101 Cost and Managerial Accounting Exam Questions and Answers 2024. 
What is a price taker? - ANSWER A company that has to accept the price that the 
market sets for a good. They have no influence over setting the price. 
What is a price maker? - ANSWER a firm possessing the power to set the price within 
the market. They still need to track all costs in order to make sure they are making an 
adequate return. 
What is the major purpose and use of job order costing? 
a. To create a system th...
-
WGU D101 Cost and Managerial Accounting questions and answers
- Exam (elaborations) • 101 pages • 2024
- Available in package deal
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- $14.99
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What is a price taker? 
A company that has to accept the price that the market sets for a good. They have no influence over setting the price. 
 
 
 
What is a price maker? 
a firm possessing the power to set the price within the market. They still need to track all costs in order to make sure they are making an adequate return. 
 
 
 
What is the major purpose and use of job order costing? 
 
a. To create a system that tracks both manufacturing and period costs and assigns both to products 
 
b...
-
WGU D101 Cost and Managerial Accounting Questions with complete solution 2024
- Exam (elaborations) • 46 pages • 2024
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Available in package deal
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WGU D101 Cost and Managerial Accounting Questions with complete solution 2024 What is a price taker? - correct answer A company that has to accept the price that the market sets for a good. They have no influence over setting the price. 
 
What is a price maker? - correct answer a firm possessing the power to set the price within the market. They still need to track all costs in order to make sure they are making an adequate return. 
 
What is the major purpose and use of job order costing? ...
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WGU D101 COST AND MANAGERIAL ACCOUNTING EXAM 2024 WITH GUARANTEED CORRECT ANSWERS
- Exam (elaborations) • 66 pages • 2024
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- $17.49
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What is a price taker? - correct answer A company that has to accept the price that the market sets for a good. They have no influence over setting the price. 
 
What is a price maker? - correct answer a firm possessing the power to set the price within the market. They still need to track all costs in order to make sure they are making an adequate return. 
 
What is the major purpose and use of job order costing? 
 
a. To create a system that tracks both manufacturing and period costs and assig...
-
WGU D101 Cost and Managerial Accounting Questions & Answers | Latest 2023/24 | Updated & Verified | Guaranteed Success | 37 Pages
- Exam (elaborations) • 37 pages • 2023
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- $20.49
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What is a price taker? - A company that has to accept the price that the market sets for a good. 
They have no influence over setting the price. 
What is a price maker? - a firm possessing the power to set the price within the market. They still 
need to track all costs in order to make sure they are making an adequate return. 
What is the major purpose and use of job order costing? 
a. To create a system that tracks both manufacturing and period costs and assigns both to products 
b. To create ...
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