The salvage value of an asset is a future cash inflow
Indicate whether the statement is true or false
True
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Which of the following is a justification for valuing inventory above historical cost?
A) Immediate marketability of the inventory at a quoted market price B) Interchangeability of the units of inventory C) All of the items listed are justifications for valuing inventory above historical cost D) Inability to determine appropriate prices
A method of assigning probabilities based on historical data is called the _____ method.
A. classical B. subjective C. relative frequency D. progressive
In deciding whether to drop its electronics product line, a company's manager should ignore ________.
A) the variable and fixed costs it could save by dropping the product line B) the revenues it would lose from dropping the product line C) the effect of dropping the electronics product line on the sales of its other products D) the amount of unavoidable fixed costs
Which of the following is NOT a disadvantage of decentralized operation?
A) Competition among managers decreases profits B) Duplication of operations C) Price cutting by departments that are competing in the same product market D) Top management freed from everyday tasks to do strategic planning