A financial institution can achieve cost savings in its credit card operations if it increases the number of cardholders. This is an example of economies of
A) scope.
B) scale.
C) complexity.
D) information.
B
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________ refers to the benefit given up by choosing an alternative course of action. A) Opportunity cost
A) Opportunity cost B) Sunk cost C) Relevant cost D) Irrelevant cost
Under dollarization, a country
A) backs its currency 100 percent with foreign reserves. B) earns seigniorage because it no longer bears the cost of issuing its own currency. C) abandons its own currency and adopts the money of another country. D) must worry about a speculative attack on its currency.
When computing the project profitability index of an investment project, the investment required should exclude any investment made in working capital at the beginning of the project.
Answer the following statement true (T) or false (F)
Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot size in which these are most nearly equal?
A. Least unit cost B. Kanban C. Just-in-time system D. MRP E. Least total cost