Eco 528 - Study guides, Class notes & Summaries
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ECO QUESTION AND ANSWERS
- Exam (elaborations) • 20 pages • 2023
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Q1. What is mean by the economic problem? 
= Economic problem is when there are not enough goods and services to satisfy people’s wants. 
Q2. What are the four factors of production? Explain. 
= They are Land, Labour, Capital and Enterprise. 
•	Land= gifts of nature available for production. 
•	Labour= Human effort used in producing goods and services. 
•	Capital= Human made goods used in production. 
•	Enterprise= Risk bearing and decision making in business. 
Q3. What are the numbers...
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Pearson Cost Accounting A Managerial Emphasis 2 edition
- Summary • 834 pages • 2021
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- $15.49
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BRIEF CONTENTS 
About the Australian authors ix 
About the US authors xii 
Preface xiv 
Acknowledgements xx 
Photo credits 1 
1 Management accounting in context 2 
2 An introduction to costs terms and inventory costing 28 
3 Determining how costs behave 76 
4 Cost–volume–profit analysis 126 
5 Product and service costing 166 
6 Activity-based costing and activity-based management 208 
7 Cost management, capacity costing and capacity management 262 
8 Decision making and relevant information ...
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