What are critical questions that managers should ask when determining the cost of downtime?
A. What is the productivity cost associated with each hour of downtime?
B. How many transactions can the company afford to lose without significantly harming business?
C. All of these
D. None of these
C. All of these
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In describing the cost formula equation, Y = a + bX, which of the following is correct:
A. "a" and "b" are valid for all levels of activity. B. "a" is the variable cost per unit. C. in the high-low method, "b" equals the change in cost divided by the change in activity. D. "Y" is the independent variable.
Which of the following is NOT one of the items that would appear on a project scope statement or checklist?
A. Deliverables B. Reviews with customer C. Objectives D. Technical requirements E. Work breakdown structure
Reasons for the destruction of rain forests include:
A. Cattle ranching. B. Conversion of forests to plantations. C. Commercial logging. D. All of these answers are correct.
Turner Company reported assets of $20,000 (including cash of $9,000), liabilities of $8,000, common stock of $7,000, and retained earnings of $5,000. Based on this information, what can be concluded?
A. 25% of Turner's assets are from prior earnings, $5,000 is the maximum possible dividend, and 40% of assets are the result of borrowed resources. B. 25% of Turner's assets are the result of prior earnings. C. 40% of Turner's assets are the result of borrowing from creditors. D. $5,000 is the maximum dividend that can be paid to shareholders.