EXAM QUESTIONS AND ANSWERS |
100% PASS
The principal difference between variable costing and absorption costing
centers on:
a) whether variable manufacturing costs should be included as product
costs
b) whether fixed manufacturing costs should be included as product costs
c) whether fixed manufacturing costs and fixed selling and administrative
costs should be included as product costs
,d) none of these. - 🧠 ANSWER ✔✔B
General Bikes is debating which marketing research options to employ.
The traditional person-to-person methods have been effective; however,
the new director of market research is campaigning for online-based
research. What argument for this method might he/she use?
a) Consumers are more relaxed at home in front of their computers,
therefore it is more likely the responses will be truthful
b) Online research has been standardized for each industry, making it
easier to understand them
c) A well-designed, Internet-based marketing research project can cost less
and yield information faster than offline research
d) Person-to-person methods most often incorporate researcher bias into
the surveys and observations - 🧠 ANSWER ✔✔C
,Which of the following is an appropriate Federal Reserve action to
stimulate the United States economy?
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cutting taxes - 🧠 ANSWER ✔✔C
A small number of people with complementary skills who are committed to
a common purpose, a set of performance goals, and an approach for which
they hold themselves mutually accountable is referred to as a
a) committee
b) task force
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3
, c) group
d) team - 🧠 ANSWER ✔✔D
A company is considering producing a product for a new market. The fixed
costs required for manufacturing and delivering the product is $50,000.
Labor and material costs are estimated to be approximately $25.00 per
product. If the product is sold for $35.00 each, the firm's break-even
volume would be:
a) 50,000 units
b) 5,000 units
c) 2500 units
d) 500 units - 🧠 ANSWER ✔✔B