Apsc 221 - Study guides, Class notes & Summaries

APSC 221 Midterm 2 Question and answers 100% correct 2024/2025 APSC 221 Midterm 2 - Inflation Inflation Rate - correct answer The rate of increase in averages prices of goods and services over a given time period. Basket - correct answer The goods and services most people use. Consumer Price Index (CPI) - correct answer Indicates the number of dollars needed in that year to buy the basket of goods that cost the amount it had cost in the base year. What To Do If Expected Inflat...

APSC 221 Chapter 15 Question and answers verified to pass 2024/2025 APSC 221 Chapter 15: Assessing a New Venture's Financial Strength and Viability Financial management deals with which two areas? - correct answer raising money and managing a company's finances in a way that achieves the highest rate of return The four main financial objectives of businesses are - correct answer profitability, liquidity, efficiency and stability Profitability - correct answer the ability to...

APSC 221 Chapter 14 Feasibility Analysis Questions with complete solution 2024/2025 APSC 221 Chapter 14 Feasibility Analysis Feasibility analysis - correct answer the process of determining if a business idea is viable 4 key areas of a feasibility analysis - correct answer 1) product/service feasibility 2) industry/target market feasibility 3) organizational feasibility 4) financial feasibility product/service feasibility is - correct answer an assessment of the overall appeal...

APSC 221 Question and answers 100% correct 2024/2025 APSC 221- RISK MANAGEMENT what are some common types of project risks - correct answer - absenteeism - resignation - staff pulled away by management - additional staff/ skills not available - training not as effective as desired - initial specifications poorly or incompletely specified - work or change orders multiply due to various problems - enhancements take longer than expected what are some quantitative and qualitative m...

APSC 221 Chapter 13 Question and answers already passed 2024/2025 APSC 221 Chapter 13: Recognizing Opportunities and Generating Ideas Opportunity is - correct answer a favourable set of circumstances that creates a need for a new product, service or business Ideas are - correct answer a thought, an impression or a notion The 4 essential qualities of an opportunity are - correct answer attractive, timely, durable and anchored in a product, service or business that creates or adds ...

APSC 221 Cost Concepts Questions with complete solution 2024/2025 APSC 221 Cost Concepts fixed costs - correct answer Costs that do not vary with the quantity of output produced variable costs - correct answer costs that vary with the quantity of output produced Incremental cost - correct answer Additional Cost (or rev) that results from increasing the output of a system Direct Costs - correct answer costs that can be easily and accurately traced to a cost object indirec...

221 FINAL MC Questions with complete solution 2024/2025 221 FINAL MC (SPEN) When alternatives for accomplishing a specific task are being compared over one year or less (time value of money is ignored) they can be referred to as: Engineering comparisons Opportunity costs Cost concepts Present economy studies - correct answer Present economy studies The general Price-Demand relationship can be expressed as a linear function. - correct answer True The power-sizing technique is so...

Ratios Question and answers 100% correct 2024/2025 Ratios- APSC 221 what does current mean - correct answer stuff that can be flipped easily for cash ( not cars, land, buildings) what do assets include that quick assets don't - correct answer inventories current ratio - correct answer current assets/ current liabilities - should be around 2 for normal businesses - lower than 2 but above one is normal for new ventures - not good lower than this because current liabilites ar...

APSC221 Midterm 2 Question and answers rated A+ 2024/2025 APSC221 Midterm 2 use-related physical loss, time-related physcial loss, functional loss - correct answer reasons for depreciation market value - correct answer estimated value an asset can be sold for in an open market (real value if sold) book value - correct answer estimated value of an asset for accounting purposes scrap value - correct answer real or estimate value of an asset at the end of its physical life s...

APSC221 Chapter 4 Question and answers rated A+ 2024/2025 APSC221 Chapter 4 Discrete Models - correct answer most common type of model which assumed that all cash flows and all compounding of cash flows occur at the ends of conventionally defined periods, such as months or years. Continuous Models - correct answer model that assume cash flows and their compounding occur continuously over time *whether discrete or continuous the model is usually an approximation Compound Interest F...