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1) A competitive strategy followed by an organization is derived from the ________ of its industry. A) function B) structure C) profits D) goals 2) A competitive strategy of an organization determines its ________. A) industry rivals B) short-term goals C) value chains D) structure 3) Porter originally developed the five forces model to determine the ________. A) potential profitability of an industry B) nature of competitive industrial environments C) reason why certain industries collapse D) means by which to improve resource utilization 4) Which of the following statements describes suppliers in a position of strong bargaining power? A) coffee […]

  Multiple Choice Questions  61.Which of the following is NOT a step in the decision-making process?    A. Explore workable alternatives   B. Determine relevant cost and revenue data   C. Consider appropriate nonfinancial factors   D. Make a decision         62.Which of the following is the first step in the decision-making process?    A. Evaluate the cost and revenue data   B. Identify workable alternatives   C. Define the problem   D. Consider appropriate nonfinancial factors         63.Which is the final step in the decision-making process?    A. Consider appropriate nonfinancial factors   B. Make a decision   C. Identify workable alternatives   D. Evaluate the cost and […]

159) The following information is provided by Galloway Company: WIP inventory, January 1 0 units Units started 22,000 units Units completed and transferred out 9,000 units WIP inventory, December 31 13,000 units Direct materials $26,500 Direct labor $12,500 Manufacturing overhead $12,000 The units were 80% complete for materials and 30% complete for conversion costs. How much are the total costs for which Galloway has to account (i.e., its total costs to account for)? A) $26,500 B) $24,500 C) $39,000 D) $51,000 160) A shampoo manufacturer offers the following information: WIP inventory, January 1 0 units Units started 25,600 units Units […]

101) Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities Indirect Activity Costs Allocation Base Account inquiry (hours) $86,400 2,700 Account billing (lines) $56,000 32,000 Account verification (accounts) $38,250 25,500 Correspondence (letters) $80,000 10,000 Potter & Weasley uses activity based costing. The above activities are used by Departments P and Q as follows: Department P Department Q Account inquiry (hours) 400 800 Account billing (lines) 10,000 4,000 Account verification (accounts) 6,000 7,000 Correspondence (letters) 1,000 2,000 What is the cost per driver unit for the account verification activity? A) $1.75 B) $1.50 C) […]

169) A tennis ball maker gives us its data for the year: WIP inventory, beginning 0 units Units started 8,500 units Units completed and transferred out 5,600 units WIP inventory, ending 2,900 units Direct materials $14,778 Direct labor $6,500 Manufacturing overhead $5,611 Units in ending WIP inventory were 90% complete for materials and 60% complete for conversion costs. On December 31, the total costs of units complete and transferred would be closest to A) $7,569. B) $29,325. C) $14,361. D) $19,320. 170) Raw materials purchased were $18,640 and ending inventory of raw materials was $5,200. If raw materials beginning inventory […]