Period vs product costs - Study guides, Class notes & Summaries

BUAD 304 Final Exam | Questions and Answers How jobs in a company are formally grouped, divided, and coordinated is called organizational structure Name the six aspects of organizational structure (hint SF DC WC) -span of control -formalization -departmentalization -chain of command -work specialization -centralization How wide or lean a company structure is referred to as its span of control How standardized a job is in an organization is called Formalization Just like how the army has a form...

What are the 3+1 stages of absorption costing? 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? Absorption -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -Implies OH related to production = Manipulate profit ...

Construction Management 3014 Virginia Tech Exam 1 Already Passed construction industry vs. manufacturing manufacturing produces products and then sells. construction starts with a customer need and the product is built to fill the need. sectors of construction industry (4) infrastructure, commercial, residential, industrial main players in construction project (3) owner, designer, constructor stages of construction lifecycle 1)need 2)programming 3)schematic design 4)detailed d...

ISDS 3001 Final Exam Questions with Correct A Outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors. T/F - Answer-True A fast-food retailer that acquired a spice manufacturer would be practicing backward integration. T/F - Answer-True What is the practice of keeping a product generic as long as possible before customizing? A.backward integration B.vendor-managed inventory C.forward integration D.keiretsu E.postponement - Answer-D. P...

Value - ANSWER Perceived Benefits/Price Value Pricing - ANSWER The practice of simultaneously increasing product and service benefits and maintaining or decreasing price Costs - ANSWER Psychological Temporal Monetary Psychological Costs - ANSWER Mental Energy and stress involved in making purchases and accepting product risks Temporal Costs - ANSWER Time spent purchasing products and services Monetary Costs - ANSWER Money spent to receive products and services Benefits - ANSW...

NCSU MIE 201 Final retailer’s vs wholesalers - correct answer wholesalers sell to other organizations retailers sell for personal use third party logistics - correct answer an outsourcing trend where firms aid organizations with supply chain management (order fulfillment, product repair, customer service) effective social media strategies - correct answer combines word of mouth with communication technologies strategy must develop a cost effective media mix direct marketing adv...

Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not ________ data, but temperature is _________ data.  a) Nominal, Ordinal  b) Nominal, Discrete  c) Continuous, Discrete  d) Discrete, Continuous Feedback: The correct answer is D. Temperature is not a measure that comes in increments (discrete) but is co...

WGU D080 Managing in a Global Business Environment 2023/2024 with complete solution Questions AAA ratings The highest possible rating that may be assigned by a credit rating agency for a bond absolute advantage The ability of an individual or group to produce a good or service more efficiently than another absolute quota Quota that strictly limits the quantity of goods that may enter a country acquisition The act of taking over ownership or controlling a business Ad val...

NCSU MIE 201 Finalretailer’s vs wholesalers - correct answer wholesalers sell to other organizations retailers sell for personal use third party logistics - correct answer an outsourcing trend where firms aid organizations with supply chain management (order fulfillment, product repair, customer service) effective social media strategies - correct answer combines word of mouth with communication technologies strategy must develop a cost effective media mix direct marketing advan...

BUSM 2024 Final Exam Questions and Answers 100% Verified Product Life Cycle the stages a new product goes through in the marketplace: introduction, growth, maturity, and decline What product had a long introductory period? Electric Cars Best Small School Prospects in the 2022 NFL Draft Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:46 / 0:47 Full screen What car company plans to be all electric or hybrid by 2019? Volvo Long run profits...