Which of the following are most likely in the nature of nonmarket costs or extramarket costs of livestock (cattle) production in Georgia?
a. farm labor costs
b. costs of herbicides (e.g., Roundup) used to kill weeds in cattle pastures
c. water quality degradation caused by cattle manure washing into streams and rivers
d. a and c only
e. a, b, and c
Ans. c. water quality degradation caused by cattle manure
washing into streams and rivers
Water quality degradation is an example of negative
externality.
Please give thumbs up.
Which of the following are most likely in the nature of nonmarket costs or extramarket costs...
Which of the following costs is most likely to remain fixed within a relevant range? a. Indirect labor b. Property taxes c. Operating supplies d. Direct labor
20 Which of the following would be LEAST likely to contribute toward an unfavorable Labor Efficiency Variance? A. The maintenance department has not been adequately monitoring production equipment. B. The production manager lowered variable overhead costs by reducing the supervision of the production line C. The purchasing manager reduced the price of materials by purchasing lower quality materials D. The production manager assigned a greater mix of higher-paid, higher-skilled employees to the production line E. None of the above would...
Which of the following is least likely to limit the ability of a firm to minimize production costs?Select one:a. Resistance by labor. b. The fact that the firm is a nonprofit organization. c. An increase in the amount of competition faced by the firm. d. Legislated input combinations for firms in particular industries, e.g, health care.
9. John owns a shoe-shine business. His accountant most likely includes which of the following costs on his financial statements? a. wages John could earn washing windows b. dividends John's money was earning in the stock market before John sold his stock and bought a shoe-shine booth c. the cost of shoe polish d. Both b and c are correct. 7. Which of the following would be categorized as an implicit cost? (i) forgone investment opportunities (ii) wages of workers...
no explaination is needed 7. Which of the following groups would be most likely to exhibit uniform dispersion? a) Red squirrels, who actively defend territories. b) Cattails, which grow primarily at edges of lakes and streams. c) Moths, in a city at night. d) Lake trout, which seek out cold, deep water high in dissolved oxygen. 8. As N (population size) approaches K (carrying capacity) for a certain population, which of the following is predicted by the logistic equation? a)...
Which of the following companies is most likely to use process costing? A) Crimpson Color, a company selling customized garments for niche customers B) Effel & Associates, a consulting firm providing various audit and related services C) Dental Bright Inc., a company manufacturing and selling toothpaste on a large scale D) Grimpy Corp., a company manufacturing furniture for customers as per their requirements Which of the following most accurately describes the contrast between process and job costing? A) In process...
can someone explain please Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
8. Beatrice owns a cabinet installation business. Her accountant most likely includes which of the following costs on her financial statements? A. wages Beatrice could earn building swing sets B. the labor cost of Beatrice’s assistant cabinet installer. C. dividends Beatrice's stock was earning before Beatrice sold her stock and used those funds to purchase a cabinet installation business. D. All of the above E. A and C, only. 9. A firm produces and sells potato chips. Last year it...
Page 1: Which of the following costs is least likely to be relevant in deciding whether to accept a special order? 1 3 2 ✓ ✓ a) Variable direct material costs 4 5 6 b) Unavoidable fixed overhead 7 8 9 Oc) Variable direct labor costs d) Selling price 10 11 12 13 14 15 Question 12 (Mandatory) (5 points) In deciding whether to drop its electronics product line, a company's manager should ignore 16 17 18 A) the amount...
10) Which of the following costs are most likely to be classified as a variable cost? A) Insurance B) Straight-line depreciation C) Direct materials D) Factory rent The term describing a firm's normal range of operating activities is called the A) Relevant range of operations B) Break-even level of operations C) Margin of safety of operations D) None of the above 11) 12) A budget can be an effective means of communicating management's plans to the employees of 1buALSS a...