The objective of profit maximization should be constrained by the requirement thatprofits be achieved througha. legal means only.b. ethical means only.c. any means possible.d. both legal and ethical means.e. None of these

Q: Any cost that is avoidable is relevant for decision purposes. O A. True O B. False

A: Relevant costs are those costs that are affected by the specific management decision being…

Q: he following statements are incorrect, except a. Cost is the same with expense. b. All costs…

A: Cost accounting refer to the outflow of money for the purpose of acquiring assets, producing goods…

Q: For a cost to be relevant to decision-making, it must be:

A: Relevant costs are critical in cost analysis and decision-making because they give a clear picture…

Q: 18. An SME measures biological assets at fair value less costs to sell only when fair value is…

A: SME refer to the small and medium enterprises which cater much to the growth of the economy.…

Q: Which of the following statements about a sunk cost is false? Question 11Answer a. It is relevant to…

A: In cost accounting, several type of cost classifications are there. These are like direct costs,…

Q: Which of the following statements about the financial risk to providers under different…

A: Risk is the most under capitation.Here's why the reason is:This is accurate that, regardless of…

Q: "ABC systems may result in misallocation of indirect costs." Do you agree? Give reasons for your…

A: ABC system means Activity Based Costing system in which all indirect costs or overhead costs are…

Q: Future costs that do not differ among the alternatives are not relevant in a decision.

A: In accounting when it comes to making decisions we classify costs into different types or…

Q: Which of the following is NOT an example of a decisional role according to Mintzberg? Select one: O…

A: According to Mintzberg, at the managerial level, the most crucial and important part is to make the…

Q: It could be said that strategy invalidates the net present value rule Explain the reasoning behind…

A: The net present value rule is an investment concept stating that projects should only be engaged in…

Q: Discuss the reasons why some issues that confront a buyer are often not clear from an ethical…

A: Buyer are the people that determine what products get to store shelves, in catalogues, and online.…

Q: “If a product line is generating a loss, then it should be discontinued.” Do you agree? Explain.

A:

Q: One cost that is irrelevant in decision making is a sunk cost Group of answer choices True False

A: Sunk costs are those costs that are already incurred and it is irrelevant for the decision-making as…

Q: Why does scope creep create risk in independence? Select all that apply   It can create an…

A: The objective of the question is to understand the risks that scope creep can create in terms of…

Q: Future costs that do not differ among the alternatives are not relevant in a decision. True or False…

A: A expense that is anticipated to be incurred in the future is referred to as a future cost. It is…

Q: Why do proponents of LIFO argue that it provides a better match of revenue and expenses? Is there…

A: Because the costs of the most recent purchases are included in the cost of products sold, LIFO…