Ch. 8 Acct – Flashcards

Managers should consider which of the following when deciding whether to outsource a product or service?

In a special sales order decision, incremental fixed costs that will be incurred if the special order is accepted are considered to be:

Fixed costs that may be avoided in the future are referred to as

Companies with production constraints and irrelevant fixed costs will be more profitable when they maximize production of the product with the highest

In pricing a product, managers should consider which of the following?

All of the following are considerations for discontinuing a product or product line, except

Bear Country Granola is considering selling premium granola. It already sells regular for $6.75/pound and would sell premium for $9.50/pound. The cost for organic grains for the premium granola would be $1.15/pound. A cost that would to be considered in the decision would be

A "constraint" is best described by which of the following?

A manager should always reject a special order if

Which of the following is a sunk cost?

Which of the following pairs are characteristics of price-takers?

All of the following are outsourcing considerations, except

An "opportunity cost" is best described by which of the following?

Fixed costs that are allocated among all departments are known as

Fixed costs that continue to exist even after a product line is discontinued are called

Which of the following describes the products and services of companies that are price-setters?

In a sell of process further decision, the company should process further if