Define the relevant range and explain its significance
The relevant range is that range of activity over which a variable cost remains constant on a per-unit basis and a fixed cost remains constant in total. Managers can review the various ranges of activity and the related effects on variable cost (per-unit) and fixed cost (in total) to determine how a change in the range will affect costs and, thus, the firm's profitability.
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Answer the following statements true (T) or false (F)
1. Small group communication requires, at a minimum, two people. 2. In a group task, a decision or solution cannot be made without the input of all your group members. 3. In the storming stage of group development, the group does the most work toward completing the assigned task. 4. In the norming stage, group communication becomes open and task oriented. 5. Tuckman’s model of small group development only applies to school and work groups.
We agreed that new ________ should be installed in Mr. ________ office
A) desks/Lopezes B) desk's/Lopez' C) desks'/Lopez' D) desks/Lopez's
A firm has $60,000 in cash, $200,000 in accounts receivable, and $400,000 in current liabilities. Its quick ratio is _____
a. 0.5 b. 0.65 c. 1.7 d. 2.0
Manufacturing firms maintain bill of materials (BOM) files, which are simply a sequencing of everything that goes into a final product.
Answer the following statement true (T) or false (F)