The systematic examination of the relationships among selling prices, volume of sales and production, costs, and profits is termed:
A) contribution margin analysis
B) cost-volume-profit analysis
C) budgetary analysis
D) gross profit analysis
B
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Answer the following statements true (T) or false (F)
1. Studies show a surprising lack of correlation between organizational commitment and job satisfaction. 2. When an employee does not show up for work every day it is known as turnover. 3. Turnover is very costly for an organization in terms of recruitment and training. 4. At a working lunch with her boss and several people from other departments, Sanaa asked others about their projects and was genuinely interested in what they were trying to do. Here, Sanaa was exhibiting organizational citizenship.
The reasoning behind the retail inventory method is that if we can get a good estimate of the cost-to-retail ratio, we can multiply ending inventory at retail by this ratio to estimate ending inventory at cost.
Answer the following statement true (T) or false (F)
Which of the following statements does not apply to portfolio theory?
a. It is the foundation for the capital asset pricing model. b. It is the foundation for capital market or security price research. c. It holds that risk can be eliminated by holding a portfolio of investments. d. It is a theory of rational investment choice and utility maximization.
In a standard cost system, variable overhead is applied
A) using actual direct labor hours B) using budgeted direct labor hours C) using direct labor hours at practical capacity D) using standard direct labor hours E) all of these