When predicting cost behavior, the volume of production for which the fixed and variable cost relationships are assumed to hold true is called the:
A) true range.
B) regression area.
C) dependent variable area.
D) relevant range.
D
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Which of the following statements about foreclosure of liens is true?
A. The right of a lienholder to possess goods does not automatically give the lienholder the right to sell the property. B. The lienholder need not bring a lawsuit against the debtor if there is no statutory procedure. C. The lienholder need not give notice to the debtor for holding a sale of the possessed goods. D. The lienholder cannot have the property sold at a judicial sale.
How long a company holds inventory before selling it can be measured by dividing cost of goods sold by the average inventory balance to determine the:
A. Price earnings ratio. B. Inventory turnover. C. Accounts receivable turnover. D. Days' sales uncollected. E. Current ratio.
Which of the following is not true about the operations plan portion of the business plan?
A. The role of technology in the business transaction process is discussed. B. The shipping process and inventory control process can be discussed in this section. C. Only service businesses need an operations plan. D. An operations plan describes the flow of goods and services from production to customer.
With an open-door policy, decisions tend to be consistent across managers.
Answer the following statement true (T) or false (F)