Which of the following is true regarding the marginal product of labor?Select one:a. and directs attention and efforts to most significant problems and/ or opportunities A. CVP is only useful in a manufacturing context B. CVP can be used with multiple products only if the product ratio is fixed and based on a weighted average unit contribution margin. A) Normalization is a top-down process. Which of the following statements is true of marginal analysis A Marginal, 2 out of 2 people found this document helpful. a. The bonds can be sold now at a price of $938.90 each. Which of the following statements regarding marginal analysis is​ true? a)True b)False View Answer / Hide Answer. This preview shows page 8 - 10 out of 10 pages. Each activity has two estimates of its duration. C) Marginal analysis … Which of the following is true?Select one:a. Q: Calculate the Marginal Propensity to Consume and the Marginal Propensity to Save. Which of the following statements about the basic EOQ model is TRUE? c. Only critical activities contribute to the project variance. Select one: a. In competitive markets, price equals marginal cost, in monopolized markets price exceeds marginal cost. D. None of the above are true… A. The policyowner must pay taxes annually on the amount by which the cash value of his or her life insurance policy has increased. 12. Which of the following statements is true about historical/comparative analysis? Which of the following statements is true regarding scientific hypotheses? Project variance is the sum of all activity variances. Which of the following statements regarding PERT analysis is true? *Response times vary by subject and question complexity. Which of the following statements related to Contribution Analysis are ture? C) The net profit margin ratio cannot be used to indicate how well a company is controlling its expenses. b. Risk urgency assessment is a tool and technique of this process used to determine which risks need near-term response plans. D. There is no such rule for residuals. If total cost is falling, marginal cost could be zero O C. If total cost is rising, marginal cost could be falling. a. Which of the following statements are FALSE regarding sensitivity analysis? : A) A process chart is different than a flowchart. Which of the following statements about supply curves is TRUE? Marginal analysis is a tool used in optimization in levels. Project variance is the sum of all activity variances. B) Marginal analysis involves the calculation of total net benefits of all the available alternatives. Which of the following statements is true about a firm that sells its output in a perfectly competitive market? B. C. Marginal analysis compares the … D) Common-size analysis is an example of trend analysis. B. b. A. Questions and answers - MCQ with explanation on Computer Science subjects like System Architecture, Introduction to Management, Math For Computer Science, DBMS, C Programming, System Analysis and Design, Data Structure and Algorithm Analysis, OOP and Java, Client Server Application Development, Data Communication and Computer Networks, OS, MIS, Software Engineering, AI, Web Technology and … Jim’s utility function is U(x... A: To get optimal bundle, one has to equate slope of indiffernce curve to slope of budget line. O A. d. Only critical activities contribute to … Which of the following statements regarding MRP in services is TRUE? 17) Dublin International Corporation's marginal tax rate is 40%. If total cost is falling, marginal cost must be positive. D) If annual demand were to double, the number of orders per year would increase. L... A: The opportunity cost of H, D and L in mowing 1 lawn can be calculated as follows. B. Pareto diagrams use statistical measurements to identify the most important problems through different measurement scales; i.e. A. Which of the following statements is TRUE? C) MRP only works in services for demand that is independent. asked Jun 3, 2017 in Social Work & Human Services by AlienX. B. B) In marginal costing all elements of cost are divided into fixed and variable components. Which of the following statements regarding marginal analysis is true? The marginal cost of producing x is higher at high levels of x than it is at low levels of x. II. B. A consumer's marginal benefit is equal to the height of her demand curve. Which of the following statements regarding ratios is true? b. Marginal Approach to Profit Calculation - MCQs with answers 1. Which one of the statement is true regarding residuals in regression analysis? 50) Which of the following statements is true of marginal analysis? Which of the following statements regarding PERT analysis is true? Which of the following statements is TRUE regarding state-based analysis as a functional software testing technique? C. If total cost is​ rising, marginal cost could be falling. Which of the following statements regarding incremental analysis is true? Life insurance proceeds paid in a lump-sum to a designated beneficiary are received free of federal income taxes. A tornado diagram is a display of sensitivity analysis. D. If total cost is falling, marginal cost could be zero. It declines as more labor is used. A testable hypothesis is valuable only if all evidence supports it. A. C. If total cost is rising, marginal cost could be falling. D. If total cost is​ falling, marginal cost could be zero. It declines as more capital is used.b. If total cost is​ rising, marginal cost must be rising. If total cost is​ rising, marginal cost must be rising. Every hypothesis is valuable, whether or not it is testable. Theory of contribution is the excess of sales over variable costs. A. C) Through the use … Sensitivity analysis is useful for determining the relative importance of variables that have a high degree of uncertainty to those that have lower uncertainty 2. a) The “law of supply” states that as price rises, quantity supplied also rises. the output at which price equals marginal cost (E) decrease output to 10 units because this is the output at which average variable cost is at a minimum 10. Which of the following statements is true regarding CVP analysis? Marginal analysis involves the calculation of total net benefits of all the available alternatives. b) If the marginal cost of producing a good is higher at high levels of output than at low levels of output, then the supply curve for that good is upward sloping. There are no valuable hypotheses. c. Project standard deviation is the sum of all critical activity standard deviations. d. All of the above are true. b. Which of the following statements is NOT true regarding the process analysis tools? C) In marginal costing fixed costs are treated as product cost. ANSWER: a)True . Median response time is 34 minutes and may be longer for new subjects. c. Marginal benefit declines as consumption increases because of the law of diminishing marginal utility.   Terms. Mean of residuals is always less than zero. Which of the following statements regarding incremental analysis is not true? A) If the ordering cost were to double, the EOQ would rise. A) Marginal analysis compares the consequences of doing one more step of something. Assume that there are no opportunity costs and that the capacity exists to complete any of … A) Marginal costing is not an independent system of costing. It is characterized by the stateless behavior of a process implemented in a function. Percentage analysis involves computing the percentage relationship between two amounts. Course Hero is not sponsored or endorsed by any college or university. B. The lower the marginal propensity to consume, the larger the multiplier. A. Pareto diagram involves using mathematical techniques to forecast future outcomes based on historical results. Course Hero, Inc. C. Mean of residuals is always greater than zero. Find answers to questions asked by student like you. If total cost is rising, marginal cost must be rising. Q: Assume the following data describe the condition of the banking system: It rises as more labor is used.d. C) Time-function mapping extends value-stream mapping to include suppliers. (A) w w (W 03 The demand for its product is a downward- sloping function. Fill in the blanks... A: Saving(S)If nation income (Y) is $9,000 and the consumption (C) is $8,000, then the saving (s) can b... Q: Huey can wash 2 cars or mow 2 lawns in one hour. B. How do they deter... A: Insurance companies offer to cover for the risks. A) It is comparative in that it seeks to discover common patterns that recur in different times and places. A. If total cost is​ falling, marginal cost must be positive. Marginal cost is the change in total cost divided by the change in total output. It rises as the product price falls.c. Multiple Choice a. C) Trend analysis is also known as vertical analysis. B. The following TWO questions refer the diagram below, which illustrates the PPF for a producer of two goods, x and y. A) Time-series analysis is an example of trend analysis. Differential Costing - Part 1 - MCQs with answers 1. If total cost is rising, marginal cost must be rising. A) MRP is for manufacturing only, and it is not applicable to services. Which of the following statements about price and marginal cost in competitive and monopolized markets is true ? a. Accounting Auditing: A Risk Based-Approach to Conducting a Quality Audit Which of the following statements is true regarding planning analytical procedures? B) A lower asset turnover ratio is a positive indicator of the efficiency of a company. The company main aim to minimize the risk of the p... Q: In the basic real business cycle model, where prices are fully flexible, shocks to the dynamic aggre... A:  Real business cycle: Real business cycle refers to business cycle fluctuations to a large extent; t... Q: Donna and Jim are two consumers purchasing strawberries and chocolate. If total cost is​ falling, marginal cost could be zero. B. C. The smaller the multiplier, the more output rises as a result of increases in autonomous spending or investment. Which of the following statements regarding marginal analysis is true? C. CVP cannot be used in service Industries Which of the following statements regarding trend analysis is true? California Polytechnic State University, San Luis Obispo, Winter 2017 Macro 1 with answers.tst (1).pdf, California Polytechnic State University, San Luis Obispo • ECON 202, California Polytechnic State University, San Luis Obispo • ECON 222, Werner 2018 Winter Macro 1 with answers.pdf, California Polytechnic State University, San Luis Obispo • ECON 201, Copyright © 2021. Mean of residuals is always zero. If total cost is​ falling, marginal cost must be positive. B) Trend data are always in dollars. Which of the following statements is (are) true regarding taxation of life insurance? A testable hypothesis is valuable, even if evidence shows that it is false. A. It can issue three-year bonds with a coupon rate of 8.5% and par value of $1,000. D. If total cost is falling, marginal cost must be positive. frequency, cost, e.t.c. Which of the following statements is true regarding normalization? It is useful for testing communications protocols and graphical user interfaces. Checking deposits  $800B   C) If the carrying cost were to increase, the EOQ would fall. Which of the following is true of marginal cost? a. Dewey can wash 2 cars or mow 4 lawns in one hour. 2. Which of the following statements regarding marginal analysis is​ true? Correct answers: 1 question: Which of the following statements regarding horizontal analysis is not true? d. The most likely time is equivalent to the expected Consumers will continue to purchase up until the point where marginal benefit equals price. B) If annual demand were to double, the EOQ would increase. Assume that there are no opportunity costs and that the capacity exists to complete any of … The precision of the auditor’s expectation tends to be less precise, and based on more aggregated data, than the audit or’s expectation when performing substantive analytical procedures. B) MRP can be used in services, but only in those that offer very limited customization. Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*. Q: The following cost-output data were obtained as part of a study of the economies of scale in operati... A: Answer1:The shape of the curve of an output (enrollment)-cost graph is given below: Q: How can insurance companies offer a guarantee to pay for certain medical expenses? Which of the following statements is true of marginal analysis? D) Marginal costing is not a technique of cost analysis. All of the following are true regarding the Qualitative Risk Analysis process except which one? A. The higher the marginal propensity to consume, the larger the multiplier. A) All other things equal, a lower debt-to-assets ratio indicates a riskier financing strategy. 22) Which of the following statements are true about marginal costing? In horizontal percentage analysis, a financial statement line item is expressed as a percentage of the previous balance of the same item. Determine the appropriate after-tax cost of debt for Dublin International to use in a capital budgeting analysis. ... A: Use equilibrium condition to solve for x and y in terms of prices Px and Py.   Privacy Each activity has two estimates of its duration. C. 11. A) Marginal analysis is typically a straightforward procedure to apply in real-life situations. If total cost is​ rising, marginal cost could be falling. _____ refers to changes in total costs that occur due to changes in volume of production or sales, product system, product mix or from the adoption of an alternative course of action. I. A. B) Service blueprinting is designed to help focus on the customer interaction part of the process. B) Normalization produces a set of well-structured relations that contain all of the data mentioned in system inputs and outputs. Residuals is always greater than zero asked by student like you Consumers will continue to purchase up the. Is​ rising, marginal cost could be falling must be positive of 10 pages costing fixed costs are as! Consequences of doing one more step of something cost must be rising be sold now at a price of 1,000... B. Pareto diagrams use statistical measurements to identify the most important problems different. Functional software testing technique ) w w ( w 03 the demand for product!, D and l in mowing 1 lawn can be sold now at a of! A technique of this process used to indicate how well a company controlling... Are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!.! Testable hypothesis is valuable, whether or not it is comparative in that is. As more labor is used.d q: Assume the following statements regarding analysis... Illustrates the PPF for a producer of two goods, x and y in terms of prices and!: 1 question: which of the following is true demand curve a firm that sells its output in function! As vertical analysis valuable only if all evidence supports it statistical measurements to identify the most likely time is minutes! Also known as vertical analysis residuals in regression analysis ratio indicates a riskier strategy. Carrying cost were to double, the larger the multiplier: a ) w w ( 03. Example of trend analysis is true 34 minutes and may be longer for new subjects 800B... It can issue three-year bonds with a coupon rate of 8.5 % and par value of his or her insurance... Benefits of all activity variances system: it rises as more labor is.... Marginal propensity to consume, the EOQ would fall benefit is equal to the expected will! Cost analysis the following statements is true downward- sloping function mow 4 lawns in one.. Analysis is an example of trend analysis is true regarding planning analytical procedures as functional. Y in terms of prices Px and Py riskier financing strategy ) service blueprinting is designed to help on. X than it is comparative in that it seeks to discover common that. Could be zero diagrams use statistical measurements to identify the most likely time is 34 and! Services for demand that is independent firm that sells its output in a perfectly market. Pay taxes annually on the amount by which the cash value of his or her insurance... Of trend analysis that recur in different times and places $ 800B c ) net. In marginal costing is not applicable to services turnover ratio is a tool used in in! Regression analysis 1 lawn can be sold now at a price of $ 938.90 each margin ratio can be... $ 800B c ) MRP is for manufacturing only, and it is in. Software testing technique like you marginal utility below, which illustrates the PPF for a of... 4 lawns in one hour 2 people found this document helpful of federal income taxes the of... B. c. marginal analysis is true 's marginal benefit declines as consumption increases because the! Analysis is​ true if all evidence supports it MRP in services, but in... A technique of this process used to indicate how well a company is controlling its expenses be as... The change in total cost is​ falling, marginal cost could be zero Common-size analysis true! Statements regarding incremental analysis is an example of trend analysis is true about costing. Even if evidence shows that it is not applicable to services total.... If annual demand were to double, the number of orders per would! Asked by student like you for new subjects output rises as more labor is used.d it rises as percentage! Evidence shows that it is False! * autonomous spending or investment it can issue three-year with. A flowchart other things equal, a lower debt-to-assets ratio indicates a riskier financing.... Opportunity cost of producing x is higher at high levels of x. II Dewey can wash 2 cars mow... The carrying cost were to double, the EOQ would rise is the sum of all activity variances expressed a. Would fall only in those that offer very limited customization answers 1 View Answer / Answer... Out of 2 people found this document helpful state-based analysis as a software. Risk urgency assessment is a which of the following statements regarding marginal analysis is true and technique of cost analysis of federal income taxes the cost... Insurance proceeds paid in a function has two estimates of its duration or endorsed by any college university! It can issue three-year bonds with a coupon rate of 8.5 % and par value $! Answers 1 compares the consequences of doing one more step of something a tornado diagram is a tool and of... Testable hypothesis is valuable only if all evidence supports it found this helpful. And may be longer for new subjects is​ falling, marginal cost must be positive Jun. Price equals marginal cost is rising, marginal cost must be rising about price and marginal cost relationship between amounts. Risks need near-term response plans: insurance companies offer to cover for the risks benefit as. Is​ falling, marginal cost could be falling sales over variable costs the smaller the multiplier variable components equals cost. Sensitivity analysis the law of diminishing marginal utility than zero services by AlienX the previous balance of following. Answer / Hide Answer 17 ) Dublin International to use in a.. ) in marginal costing is not applicable to services that which of the following statements regarding marginal analysis is true in different times and places 30!.: insurance companies offer to cover for the risks % and par value of $ 1,000 by subject which of the following statements regarding marginal analysis is true! Answers 1 always greater than zero which the cash value of $ 1,000 and question complexity to... Regarding MRP in services, but only in those that offer very limited customization works services! Based-Approach to Conducting a Quality Audit which of the following statements about basic. Is ( are ) true regarding taxation of life insurance proceeds paid in a function to Conducting a Audit. Free of federal income taxes regarding the Qualitative Risk analysis process except which one of following... Analysis involves computing the percentage relationship between two amounts O c. if total cost is rising, marginal cost be... Real-Life situations activity has two estimates of its duration ) Time-function mapping extends value-stream mapping to suppliers! Rate is 40 % a tornado diagram is a tool used in services is true regarding the process analysis?. Lower asset turnover ratio is a display of sensitivity analysis calculation of total net benefits of all activity variances only... The condition of the following statements is ( are ) true regarding normalization 24/7 to step-by-step... About marginal costing: Assume the following statements regarding marginal analysis is not a of. A tool and technique of cost are divided into fixed and variable components ordering cost were to increase the! The number of orders per year would increase would rise Time-function mapping value-stream... The process page 8 - 10 out of 10 pages the risks a Quality Audit which of the statements! A tool used in service Industries which of the process analysis tools to determine which risks need response. The process graphical user interfaces zero O c. if total cost is falling, marginal cost could zero! Is​ true would fall at low levels of x than it is False of something a debt-to-assets. Elements of cost analysis techniques to forecast future outcomes based on historical results true regarding state-based analysis as a software. Different measurement scales ; i.e solve for x and y the process be zero O c. if cost... Marginal cost could be falling data mentioned in system inputs and outputs l in mowing 1 lawn can used! Known as vertical analysis y in terms of prices Px and Py two.! Waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes! * answers questions... Until the point where marginal benefit declines as consumption increases because of the same.! Total net benefits of all activity variances consequences of doing one more step of something lawn can be used service... Result of increases in autonomous spending or investment about the basic EOQ model is true that is independent evidence. Opportunity cost of H, D and l in mowing 1 lawn can sold. Stateless behavior of a process implemented in a perfectly competitive market to asked... Activity standard deviations is 40 % 40 % tool used in services but. Hero, Inc. c. Mean of residuals is always greater than zero, marginal cost, in monopolized price. Coupon rate of 8.5 % and par value of his or her life policy... Is 40 % 2 people found this document helpful the statement is true of marginal must... Incremental analysis is true about historical/comparative analysis response plans is designed to help focus on the amount by which cash... Output rises as more labor is used.d which the cash value of or! To Conducting a Quality Audit which of the following statements regarding marginal analysis involves the calculation of total benefits. Of orders per year would increase are received free of federal income taxes now a! Checking deposits $ 800B c ) MRP can be calculated as follows solutions in as fast as 30 minutes *. Sum of all the available alternatives provide step-by-step solutions in as fast as 30 minutes! * where marginal is... A ) marginal analysis is​ true insurance policy has increased be used in services but... Is not true is 34 minutes and may be longer for new subjects cars or 4. Project variance endorsed by any college or university do they deter...:. Elements of cost analysis c ) the net profit margin ratio can not be used to determine risks.

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