Homework Answers
1. Decreased warranty repair costs
when product quality is increased, the warranty repair cases will be decreased and hence the cost of repair will be less
2. A higher total cost as additional costs are spend to improve quality.
when product quality is increased, the total cost will be increased as the company might need to expend on improving quality
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Which of the following is not a likely consequence of improved product quality? Multiple Choice Increased sa...
Studies have shown that improvements in quality can lead to Multiple Choice A higher total cost...
Studies have shown that improvements in quality can lead to Multiple Choice A higher total cost as additional costs are spent to improve quality. Lower productivity because of the need to meet a higher quality standard Increases in throughput time. Increases in productivity (e.g, lower manufacturing costs). Increased warranty costs.
The law of diminishing returns means that Multiple Choice O total product will eventually increase at...
The law of diminishing returns means that Multiple Choice O total product will eventually increase at a decreasing rate as more inputs are employed. O the marginal product will increase at an increasing rate. O average total costs are rising and then falling as output is increased. O average fixed cost will fall as production increases.
Which of the following would activity-based costing most likely lead to? Multiple Choice O Distorting product...
Which of the following would activity-based costing most likely lead to? Multiple Choice O Distorting product cos costs. Raising the sale price of high-volume products. O Raising the sale price of low-volume products. Expanding low-volume products that appear to be profitable. O Cutting back on high-volume products that appear to be unprofitable.
To w ave liviuuais Question 4 Multiple Choice Worth 1 points) Which of the following are...
To w ave liviuuais Question 4 Multiple Choice Worth 1 points) Which of the following are likely to be economic costs of noise pollution? 1. Decreased housing values in polluted communities II. Undeveloped land used as buffers between polluted and non-polluted areas III. Increased health care spending resulting from increased cancer rates I only ll only lll only I and II only ll and Ill only
If the economy is going into a recession, a good industry to invest in would be the __________ industry. Multiple Choice...
If the economy is going into a recession, a good industry to invest in would be the __________ industry. Multiple Choice medical services automobile banking construction An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: Industry sales have grown at 15%-20% per year in recent years and are expected to grow at 10%-15% per year over the next 3 years, still well above the economic growth rate. Some U.S. manufacturers are attempting to enter...
A differentiation strategy works best in which of the following market circumstances? Multiple Choice when buyers...
A differentiation strategy works best in which of the following market circumstances? Multiple Choice when buyers incur low costs in switching to rnval brands when most competitors are resorting to clever advernising to try to set their product offerings apart when new and improved products are introducedl frequently when there are many ways to different ote the product or service that have value to buyers when buyers have o low degree of bargaining power and purchase the product frequenty
Which of the following statements is TRUE. Multiple Choice Compound interest pays Interest on not only...
Which of the following statements is TRUE. Multiple Choice Compound interest pays Interest on not only the original amount invested but also on any interest payments previously earned. Compound Interest applies to consumer loans but not to investments Compound interest automatically takes into account the impact inflation will have on the value of an investment O Compound Interest normalizes the expected rate of returns taking into account the level of risk involved. Specialization is typically not complete because Multiple Choice...
accounting multiple choice Which of the following best describes the advantages of using a predetermined overhead...
accounting multiple choice
Which of the following best describes the advantages of using a predetermined overhead rate? Select one or more: a. Both (a) and (C) above. b. Overhead costs are applied evenly throughout the year rather than fluctuating from month to month. c. Predetermined rates require managers to wait until long after the accounting period to get an estimate of product costs. d. Total unit costs of production are known sooner than using actual overhead rates, and overhead costs...
Which of the following is not one of the more common strategic benefits provided by capital inves...
Which of the following is not one of the more common strategic benefits provided by capital investment projects? Multiple Choice Improving product quality Reducing the number of short-term (i.e., operational) decisions that management must make. Reducing manufacturing cycle time. Being able to deliver a product that competitors cannot (ie, product differentiation). Providing significant cost reductions, in terms of production and/or marketing costs. When ranking two mutually exclusive investments with different initial amounts but approximately the same useful life, and assuming...
Truman Company manufactures a DVD player called Orlicon. The company sells the player to discount stores...
Truman Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. Click the icon to view additional information.) Information about the current period (2017) and last period (2016) follows. Click the icon to view the information for 2017 and 2016.) Suppose that during 2017, the market for DVD players grew 10%. All increases in market share (that is, sales increases greater than 10%) and decreases in the selling price of the Orlicon...
Studies have shown that improvements in quality can lead to Multiple Choice A higher total cost as additional costs are spent to improve quality. Lower productivity because of the need to meet a higher quality standard Increases in throughput time. Increases in productivity (e.g, lower manufacturing costs). Increased warranty costs.
The law of diminishing returns means that Multiple Choice O total product will eventually increase at a decreasing rate as more inputs are employed. O the marginal product will increase at an increasing rate. O average total costs are rising and then falling as output is increased. O average fixed cost will fall as production increases.
Which of the following would activity-based costing most likely lead to? Multiple Choice O Distorting product cos costs. Raising the sale price of high-volume products. O Raising the sale price of low-volume products. Expanding low-volume products that appear to be profitable. O Cutting back on high-volume products that appear to be unprofitable.
To w ave liviuuais Question 4 Multiple Choice Worth 1 points) Which of the following are likely to be economic costs of noise pollution? 1. Decreased housing values in polluted communities II. Undeveloped land used as buffers between polluted and non-polluted areas III. Increased health care spending resulting from increased cancer rates I only ll only lll only I and II only ll and Ill only
A differentiation strategy works best in which of the following market circumstances? Multiple Choice when buyers incur low costs in switching to rnval brands when most competitors are resorting to clever advernising to try to set their product offerings apart when new and improved products are introducedl frequently when there are many ways to different ote the product or service that have value to buyers when buyers have o low degree of bargaining power and purchase the product frequenty
Which of the following statements is TRUE. Multiple Choice Compound interest pays Interest on not only the original amount invested but also on any interest payments previously earned. Compound Interest applies to consumer loans but not to investments Compound interest automatically takes into account the impact inflation will have on the value of an investment O Compound Interest normalizes the expected rate of returns taking into account the level of risk involved. Specialization is typically not complete because Multiple Choice...
accounting multiple choice
Which of the following best describes the advantages of using a predetermined overhead rate? Select one or more: a. Both (a) and (C) above. b. Overhead costs are applied evenly throughout the year rather than fluctuating from month to month. c. Predetermined rates require managers to wait until long after the accounting period to get an estimate of product costs. d. Total unit costs of production are known sooner than using actual overhead rates, and overhead costs...
Which of the following is not one of the more common strategic benefits provided by capital investment projects? Multiple Choice Improving product quality Reducing the number of short-term (i.e., operational) decisions that management must make. Reducing manufacturing cycle time. Being able to deliver a product that competitors cannot (ie, product differentiation). Providing significant cost reductions, in terms of production and/or marketing costs. When ranking two mutually exclusive investments with different initial amounts but approximately the same useful life, and assuming...
Truman Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. Click the icon to view additional information.) Information about the current period (2017) and last period (2016) follows. Click the icon to view the information for 2017 and 2016.) Suppose that during 2017, the market for DVD players grew 10%. All increases in market share (that is, sales increases greater than 10%) and decreases in the selling price of the Orlicon...
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