Price taker - Study guides, Class notes & Summaries
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WGU D101 Cost and Managerial Accounting 2023/2024 Exam
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What is a price taker? - ANSWER-A company that has to accept the price that the market sets for a good. They have no influence over setting the price. 
 
What is a price maker? - ANSWER-a firm possessing the power to set the price within the market. They still need to track all costs in order to make sure they are making an adequate return. 
 
What is the major purpose and use of job order costing? 
 
a. To create a system that tracks both manufacturing and period costs and assigns both to produ...
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CMN 140 Exam1, CMN 140 Exam 2, CMN 140 Final 194 Questions with Verified Answers,100% CORRECT
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CMN 140 Exam1, CMN 140 Exam 2, CMN 140 Final 194 Questions with Verified Answers 
 
"Hardware" vs "Software" of the brain - CORRECT ANSWER *Hardware:* 
-Biological organ of communication 
-Computation is processed in gray matter -> e.g. how info is processed in the brain 
-Info is transmitted via white matter 
 
*Software:* 
-The brain gives rise to the mind 
-Some programs are innate (e.g. capacity for language) 
-Some are learned (e.g. English language) 
 
*There is a deep physical connecti...
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Wk 4 - Apply Summative Assessment The Microeconomics of Product
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What are the likely reason(s) that the market for electricity is not perfectly competitive? Select all that 
apply. 
check all that apply 
 It is difficult to enter or exit the industry as a supplier. 
 Electricity is not a standardized (homogeneous) product. 
 There are few buyers in the market. 
 There are few sellers in the market. 
Producing electricity requires high start-up costs for power plants and power lines. This will prevent 
companies from entering the market. In additio...
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CQIB All Possible Questions and Answers 2023 with complete solution
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CQIB All Possible Questions and Answers 2023 with complete solution 
 
Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? 
Friendly Society 
Which is the decision-making process of framing? 
To remove the 'noise' from an issue to allow us to see the problem for what it is 
Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? 
45 days af...
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CQIB TEST QUESTIONS AND ANSWERS
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Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society 
 
Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is 
 
Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint 
 
In the se...
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WGU D101 Cost and Managerial Accounting | 110 Questions with 100% Correct Answers | Verified | Latest Update | 52 Pages
- Exam (elaborations) • 52 pages • 2023
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What is a price taker? - A company that has to accept the price that the market sets for a 
good. They have no influence over setting the price. 
What is a price maker? - a firm possessing the power to set the price within the market. They 
still need to track all costs in order to make sure they are making an adequate return. 
What is the major purpose and use of job order costing? 
a. To create a system that tracks both manufacturing and period costs and assigns both to 
products 
b. To create...
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100% CORRECT
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers 
 
Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) 
 
Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ 
 
Larger ratio is better 
 
If (Rₜ) is risk free rate, then it becomes Sharpe Ratio 
 
Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ 
 
Larger ratio is better 
 
If (Rt) is higher than RFR, then it becomes Safety First Ratio 
 
Centra...
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CQIB Exam 2023 Questions and Answers
- Exam (elaborations) • 32 pages • 2023
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Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society 
 
Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is 
 
Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint 
 
In the se...
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EC 111 Chapter 13 || with 100% Error-free Answers.
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A firm is a price taker if it takes the market price as given and ... correct answers sells goods at that price 
 
A market in which economic forces operate unimpeded is called a correct answers perfectly competitive market 
 
A perfectly competitive market exhibits the following 2 conditions correct answers 1. There are no barriers to entry 
2. The firm sells at the price dictated by the market 
 
A seller who sells at the price determined by market supply and demand as given is called a correc...
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WGU D101 Cost and Managerial Account ing 2024/2025 with detailed answer
- Exam (elaborations) • 38 pages • 2024
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what is a price taker?-answerA company that has to accept the price that the market sets for a good. They have no influence over 
setting the price. 
What is a price maker?-answera firm possessing the power to set the price within the market. They still need to track all costs in order 
to make sure they are making an adequate retur
-
WGU D101 Cost and Managerial Accounting Questions with complete solution 2024
- Exam (elaborations) • 46 pages • 2024
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WGU D101 Cost and Managerial Accounting Questions with complete solution 2024 What is a price taker? - correct answer A company that has to accept the price that the market sets for a good. They have no influence over setting the price. 
 
What is a price maker? - correct answer a firm possessing the power to set the price within the market. They still need to track all costs in order to make sure they are making an adequate return. 
 
What is the major purpose and use of job order costing? ...
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