If advancement in computer and telephony technologies cause external coordinating costs to go down by more...
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Ans. Firms will tend to Outsource their Accounting , Payroll and HR Departments.
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If advancement in computer and telephony technologies cause
external coordinating costs to go down by more...
What is meant by quality cost? Are internal costs more or less important than external failure...
What is meant by quality cost? Are internal costs more or less important than external failure costs?
Which of the following statements is true? a New technologies that reduce production costs, and thus...
Which of the following statements is true? a New technologies that reduce production costs, and thus the price of the good, will spread rapidly throughout the industry as a result of competition. b “Creative destruction” occurs when new goods and production methods make firms that are not able or willing to adjust go bankrupt. c The market system leads to even greater capital accumulation as it rewards the worst firms with more profits (and thus more available funds for them...
The CDC’s announcement will cause consumers to demand (less/more) chicken at every price. In the short...
The CDC’s announcement will cause consumers to demand
(less/more) chicken at every price. In the
short run, firms will respond by
(producing less chicken and running at a loss/ producing
the same amount of chicken and running at a loss/ exiting the
industry/ producing more chicken and earning a postivie profit/
producing the same amount of chicken and earning a postivie profit/
entering the industry).
In the long run, some firms will respond by
(producing more chicken and earning a...
QUESTION 31 If a good has zero external costs, then social marginal cost is less than...
QUESTION 31 If a good has zero external costs, then social marginal cost is less than marginal private cost. social marginal cost equal private marginal cost. we need more information to determine the relationship between private and social costs. social cost is greater than private marginal cost. QUESTION 32 A fiscal action that is initiated by an act of Congress is called automatic fiscal policy. discretionary fiscal policy. generational fiscal policy the government expenditure multiplier. QUESTION 33 The three main...
Case 13.1 Contemporary Technologies Contemporary Technologies (CT) has two primary offerings. The first is a series...
Case 13.1 Contemporary Technologies Contemporary Technologies (CT) has two primary offerings. The first is a series of products that are used to track inventories and involve handheld scanners, computer software, and the like. In addition, supplies such as bar code labels, tags, and other items that are stuck on or applied to products to track them are also sold by CT. The second offering is an inventory management service that helps organizations create supply chain management strategies. The firm has...
13. What is a feature common to both Monopolistic-Competition and Oligopoly type of markets? a. productive...
13. What is a feature common to both Monopolistic-Competition and Oligopoly type of markets? a. productive efficiency will occur in both the short run and long run, a desirable economic property of markets. b. many smaller sized firms can produce the good or service at lower cost per unit than larger sized firms, thus large firms fail in the long run. c. the demand curve for each firm is not going to be purely elastic, because products are at least...
13. What is a feature common to both Monopolistic-Competition and Oligopoly type of markets? a. productive...
13. What is a feature common to both Monopolistic-Competition and Oligopoly type of markets? a. productive efficiency will occur in both the short run and long run, a desirable economic property of markets. b. many smaller sized firms can produce the good or service at lower cost per unit than larger sized firms, thus large firms fail in the long run. c. the demand curve for each firm is not going to be purely elastic, because products are at least...
Question 30 Which of the following do firms in an oligopoly tend to operate more like?...
Question 30 Which of the following do firms in an oligopoly tend to operate more like? a. They can operate like competitors or monopolies. b. They operate more like perfect competitors. c. They operate more like monopolies. d. They operate more like competitors. Question 22 Ella lives in Flint, Michigan where the city water was contaminated with harmful chemicals and lead. Ella’s infant now suffers from mental retardation due to lead poisoning. This is an example of a/an a. external...
1. Which costing system is most likely to produce the least cost distortion? a. Departmental overhead...
1. Which costing system is most likely to produce the least cost distortion? a. Departmental overhead allocation rates b. Plantwide overhead rate c. Activity-based costing d. Traditional costing system 2. The cost of reworking defective products before shipping to customers would be classified as which type of quality costs? a. External failure cost b. Internal failure cost c. Prevention cost d. Appraisal cost 3. A window manufacturer has a commitment to lean production. What is not a benefit from adopting...
One of the most important financial management activities that a firm undertakes is its evaluation and...
One of the most important financial management activities that a firm undertakes is its evaluation and allocation of investment funds to support its future survival and growth. These activities may be motivated by the desire to expand the firm's revenues, reduce its costs, or satisfy its mandatory or voluntary legal, health, and safety requirements. They may have, more or less, multiyear effects on the organization and may or may not be considered as capital budgeting activities. Capital budgeting is the...
The CDC’s announcement will cause consumers to demand
(less/more) chicken at every price. In the
short run, firms will respond by
(producing less chicken and running at a loss/ producing
the same amount of chicken and running at a loss/ exiting the
industry/ producing more chicken and earning a postivie profit/
producing the same amount of chicken and earning a postivie profit/
entering the industry).
In the long run, some firms will respond by
(producing more chicken and earning a...
QUESTION 31 If a good has zero external costs, then social marginal cost is less than marginal private cost. social marginal cost equal private marginal cost. we need more information to determine the relationship between private and social costs. social cost is greater than private marginal cost. QUESTION 32 A fiscal action that is initiated by an act of Congress is called automatic fiscal policy. discretionary fiscal policy. generational fiscal policy the government expenditure multiplier. QUESTION 33 The three main...
Case 13.1 Contemporary Technologies Contemporary Technologies (CT) has two primary offerings. The first is a series of products that are used to track inventories and involve handheld scanners, computer software, and the like. In addition, supplies such as bar code labels, tags, and other items that are stuck on or applied to products to track them are also sold by CT. The second offering is an inventory management service that helps organizations create supply chain management strategies. The firm has...
One of the most important financial management activities that a firm undertakes is its evaluation and allocation of investment funds to support its future survival and growth. These activities may be motivated by the desire to expand the firm's revenues, reduce its costs, or satisfy its mandatory or voluntary legal, health, and safety requirements. They may have, more or less, multiyear effects on the organization and may or may not be considered as capital budgeting activities. Capital budgeting is the...
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