Apsc 221 midterm 1 - Study guides, Class notes & Summaries

APSC 221 Midterm 1 Question and answers correctly solved 2024/2025 APSC 221 Midterm 1, MC Qs Sunk costs should be included in an engineering economic analysis. T or F - correct answer False The arrow on the graph is pointing to the breakeven point. T or F - correct answer True _______ are costs that are difficult to attribute or allocate to a specific output or work activity. Standard costs Indirect costs Variable costs Sunk costs - correct answer Indirect costs One reas...

APSC 221 Midterm 1 Questions with complete solution 2024/2025 APSC 221 Midterm 1 Fixed costs - correct answer Unaffected by changes in activity level over a feasible range of operations for the capacity or capability available Variable costs - correct answer Associated with an operation that varies with the quantity of output or the measures of activity level Incremental costs - correct answer The additional cost that results from increasing the output of a system E.g. equipment...

APSC 221 Midterm 1 Question and answers verified to pass 2024/2025 APSC 221 Midterm 1 The general Price-Demand relationship can be expressed as a linear function. - correct answer True Sunk costs should be included in an engineering economic analysis. - correct answer False A manufacturing company rents a building for $50,000 a year. It makes a product that costs $21.9 in labour and materials for each unit manufactured. This product can be sold for $36 per unit. How many units mus...

APSC 221 Question and answers already passed 2024/2025 APSC 221 - Midterm 2 Which of the following is NOT an aspect of change management? 1. minimize unplanned operational disruption 2. achieve performance improvements 3. controlling, scheduling, and planning 4. understand associated implementation risks 5. all of the above - correct answer 3 Very broadly, change initiatives can be categorized into three main types, which of the following is NOT one of them? 1. Transformational o...

APSC 221 Midterm 2 Question and answers already passed 2024/2025 APSC 221 Midterm 2 - Replacement Decisions The Four Mutually Exclusive Choices of Evaluation - correct answer 1. An existing asset may be kept in its current use without major change 2. An existing asset may be overhauled to improve performance. 3. An existing asset may be removed without replacement. 4. An existing asset may be replaced with another asset. The Defender - correct answer The existing physical asset. ...