Which of the following statements is true?
A. Opportunity costs are never relevant to decision making.
B. Fixed costs are sometimes relevant for decision making.
C. Information must be exactly accurate to be relevant to decision making.
D. A cost that is relevant in one decision context is relevant in other decision contexts.
Answer: B
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In a push system of production control, inventory is produced in anticipation of customer or work center demand
Indicate whether the statement is true or false
The cost of abnormal losses are
a. treated as product costs. b. treated as period cost. c. absorbed by the costs of the good units. d. none of the above.
Radiant Phone Company and Precision Works, Inc. (PWI), enter into a contract for the sale of a certain quantity of cell-phone parts, with PWI to determine the price. The price must be set according to
A. the concept of good faith. B. the principle of fair trade. C. the predominant-factor test. D. the doctrine of unconscionability.
Which of the following is not one of the three primary information security areas?
A. Authentication and authorization. B. Prevention and resistance. C. Detection and resistance. D. None of the above.