The cost that varies depending on the values of the decision variables is a
a. reduced cost.
b. relevant cost.
c. sunk cost
d. dual cost.
b
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If an incorrect entry has been journalized and posted to the wrong account, you should erase the incorrect information and replace it with the correct information
Indicate whether the statement is true or false
Which of the following business products are usually treated as expense items?
A. raw materials B. professional services C. component parts and materials D. supplies E. All these answers are correct.
Lindsay is facing four problems. The first is that the way her department is overworking its employees is going to lead to problems soon. The second is that she has to figure out what procedure must be followed to discharge George, an employee who has not been behaving appropriately. The third problem is that she has to determine where missing supplies have gone. Finally, she needs to come up with a new idea to address how to package the company's products since shipping requirements have changed. Identify and describe the four types of reasoning abilities, and explain which one Lindsay needs to apply to each of her four problems.
What will be an ideal response?
An example of an idea for a new startup from a hobby is
A. a coin collector, who bought and sold coins for years to build a personal collection, deciding to become a coin dealer. B. a furniture salesperson seeing the possibility of opening a new furniture store in a different area of the city. C. a sharpshooter, who shot holes in a pair of her boyfriend's jeans during an argument, hearing him get complimented on the way they look. D. all of the above are examples.