Relevant costs in a sell or process-further decision include
a. costs of additional processing.
b. both additional revenues and additional costs.
c. revenues after additional processing.
d. joint product costs.
B
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Which of the following is a true statement?
a. Predictive value refers to usefulness of inputs for predictions rather than being an actual prediction itself. b. Timeliness complements rather than conflicts with the other aspects of relevance because information is more complete and accurate if it is timely. c. The conceptual framework stressed predictive value rather than the importance of decision-making by outside users. d. Timeliness and predictive value are the two main aspects of relevance.
Which of the following would be a correct factor to explain the sales volume variance for sales? revenue?
A) limited future growth potential B) rapid increase in market share C) capturing first-mover advantages D) increase in sales volume E) higher pioneering costs
Juan Lamora started four entrepreneurial ventures between 2014 and 2016, and in 2017 he was managing all four ventures at once. In the language of entrepreneurship, Juan is a(n) ____.
a. Juggler b. Wantapreneur c. Soloentrepreneur d. Socioentrepreneur e. None of the above
In U.S. Steel Corp v. Fortner Enterprises, U.S. Steel loaned Fortner money to buy mobile homes from the company to put in his mobile home park, the Supreme Court held that it was:
a. illegal for U.S. Steel to tie the sale of the homes to the financing b. an illegal boycott for U.S. Steel to refuse to lend the money once they sold the homes c. illegal for the homes to be sold with the financing since it created an exclusive deal d. not illegal to tie the sale of the homes with the financing because there was no monopoly power involved e. not price discrimination under the Robinson-Patman Act to fix the home price together with the financingrate