All of the following except one are true of economic theories or models. C) the marginal rate of substitution. Although the market size was correctly estimated, the product idea itself was not good. Question 1. b) Making goods locally available. rather than lower capital gains rates. C. It is an acceptable method for general reporting purposes. All of the following are true about mixtures EXCEPT * A. their composition may vary B. their components do not come together to make a new substance C. their components are usually hard to separate by physical means D. they can be . Following the release of all chemical messengers from their source cells, all of the following will occur EXCEPT. What are the steps in Activity-based costing? The special order will add $95,000 of profits to the company. 8. clearvars -except keepVariables removes all variables, except for those specified by keepVariables . A. Their sales are regulated both by FINRA and the Securities and Exchange Commission (SEC). All of the following are examples of non-value-added activities except: A. reworking B. handling C. assembling D. expediting. to a stock fund. A) The crossover point is approximately 6667 units. B. Contains chains of glucosyl units linked by alpha-1,4 bonds with alpha-1,6 branches. . a. Adjustable death benefit. The following are fundamental differences between traditional participating life insurance policies and variable life insurance policies: I. This is not a practice examination to be used for assesment of your progress in the course. b) Making goods locally available. 10. b. are frequently direct in nature. D) unemployment rate. d. slow response time to changes in local conditions. The long-run average cost curve is at a minimum at a level of output where. C) Benchmarking is a systematic approach to identifying the best practices to help an organization take action to improve performance. b. potential costs of poor decisions. The Wester Company produces three products with the following costs and selling prices: The company has insufficient capacity to fulfill all of the demand for these three products. Those are the only two values we'll deal with in Boolean algebra or digital electronics for that matter. A dependent variable b. Depreciation expense is a relevant cost in a decision only in the context of: C. Reducing the tax liability of the organization. environment all the following are true except: a. are more easily tracked to products. 2. A) may be included in prime costs 26 12) Which statement is true? Variable annuities also involve investment risks, just as mutual funds do. The UNIQUE feature of an ABC system is the emphasis on Deferred Costs. A) . Perhaps they could have tried to evolve the Oldsmobile brand more gradually. Intermediaries typically perform all of the following functions, except: a) Breaking down bulk. All of the following are true EXCEPT that indirect costs: a. may be included in prime costs b. are not easily traced to products or services c. vary with the selection of the cost object d. may be included in manufacturing overhead; Answer: a Difficulty: 2 Objective: 2 Terms to Learn: indirect manufacturing costs For a perfect competitor, a) price and marginal revenue are the same. Structure. E. It is built on a series of assumptions, it establishes cause and effect between variables, it can make predictions that can be tested with empirical data, and it could also be called an economic theory. b) results in maximum economic profits in the long run. Variable annuities come with greater short-term volatility. Variable life insurance policies are less likely to offer more choice in terms of the type of investment funds. random variable: a quantity whose value is random and to which a probability distribution is assigned, such as the possible outcome of a roll of a die. A. to potentially recognize the: A. Every variable has a type that determines what values can be stored in the variable. 23. Value in separate account b. Accumulation units c. Death benefit d. Cash value. Answer: b Difficulty: 3 Objective: 2. b. A) All variable costs are direct . We begin by defining a Poisson process. All of the following are accurate descriptions of reasons why new products fail, except which one? (b) The additional output resulting from one unit increase in the variable input. d) Creating direct communication from the customer to manufacturer. All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT A Upon conversion, the death benefit of the permanent policy will be reduced by 50%. In cost-volume-profit analysis, all costs are classified into the following two categories: variable costs and fixed costs. d. complexity. 38) Investment problems maximize _____. An agent owes a client all of the following except: A. accountability B. competence C. confidentiality D. rebates 9. Question 8 the collisions are completely random so B is false molecules have decision making ability. b. positioning. a. the firm is experiencing constant returns to scale. 51. D) There are two types, dependent and independent. marketing has the aim of building mutually satisfying long-term relations with key parties such as customers, suppliers, distributors, and other marketing partners in order to earn and retain their business. which are variable. All fixed costs are indirect costs. 1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management. All of the following are guaranteed features in a variable life insurance . C. Average Variable Cost (AVC) = $4. Boolean algebra is a branch of algebra wherein the variables are denoted by Boolean values. A list comprehension consists of brackets containing the expression, which is executed for each element along with the for loop to iterate over each element. returns TRUE if ALL of the subquery values meet the condition. 2. 8. What is the crossover point between process A and process B? Costs of decentralization include all of the following except. Improve the sales mix.b. Operating at or near full capacity will require a firm considering a special sales order. clearvars variables removes the variables specified by variables. 11. 1.3 Explain the Primary Roles and Skills Required of Managerial Accountants. All of the following statements about glycogen are true EXCEPT. Question 2. B 42 A customer satisfaction survey used the following rating scale: 1 = very satisfied 2 = satisfied 3 = neutral 4 = dissatisfied 5 = very dissatisfied This is an example of which of the following measurement scales? If direct labor hours are the constraint, then the three products should be produced in the order: A) A, B, C. B) B, A, C. C) C, A, B. 11) All of the following are true EXCEPT that indirect costs: A) may be included in prime costs B) are not easily traced to products or services C) vary with the selection of the cost object D) may be included in manufacturing overhead 12) Which statement is true? a. volume. b. All of the following statements about benchmarking are true, except: A) Benchmarking can be a psychological tool that helps overcome resistance to change. A. Holistic. No action is required; all data points are within acceptable statistical variance. Low cost b. All of the following statements are correct regarding variable universal life contract charges and fees, EXCEPT: Interest earned is credited to the cash value. Suppose events occur spread over time. D. Average Fixed Cost (AFC) = $8. An agent owes a client all of the following except: A. accountability B. competence C. confidentiality D. rebates 9. continuous random variable: obtained from data that can take . Because of a cost- benefit tradeoff , some direct costs may be treated as indirect costs . b. The correct answer is: Defines a securities product. Used to specify the whole line. INTERSECT returns distinct rows that are output by both the left and right input queries operator. B) the unemployment rate. An indirect cost may be assigned as part of product cost. B Policyowners bear the investment risk. The actual product was not designed as well as it should have been. The exponential random variable models the time between events. All of the above 15. 3. c. Variable life insurance allows the . c. b) the . All of the following are true about variable products EXCEPT A The cash value is not guaranteed. Its revenue is sufficient to cover variable costs. Variable names should not start with underscore _ or dollar sign $ characters, even though both are allowed. d. The variables should be related to the customer's . 1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards. A. In the long run . All of the following statements about variable life insurance are true EXCEPT: a. Confounding variables: A variable that hides the true effect of another variable in your experiment. A) All variable costs are direct costs. ALL means that the condition will be true only if the operation is true for all values in the range. 23) All of the following are assumed in the above analysis EXCEPT: A) a constant product mix B) all costs can be classified as either fixed or variable C) cost and revenue relationships are reflected accurately D) per unit variable costs increase when activity increases Variable names should be short yet meaningful. First, identify the products that are the chosen cost objects, then identify the direct costs of the products, next, identify the direct prices of the products, and lastly, select the activities and cost-allocation bases for allocating indirect costs to the consequences for giving indirect costs to . 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. E. It is built on a series of assumptions, it establishes cause and effect between variables, it can make predictions that can be tested with empirical data, and it could also be called an economic theory. For example, the following EXCEPT statement will return all the records from the Books1 table where the price is less than or equal to 5000: 1. D) may be included in manufacturing overhead . none of the following answer choices. 3. b. potential costs of poor decisions. EXCEPT returns distinct rows from the left input query that aren't output by the right input query. a. marginal cost is at a minimum. 36) The _____ for the computer solution of a linear programming problem requires all variables on the left side, and all numerical values on the right side of the inequality or equality sign. We will see another, the exponential random variable, in Section 4.5.2. Depreciation expense is a relevant cost in a decision only in the context of: C. Reducing the tax liability of the organization. Which one is the exception? Variable whole life policies have a guaranteed minimum death benefit. 1.2 Distinguish between Financial and Managerial Accounting. All of the following are methods used to improve margins and investment returns EXCEPT:a. . Given the Table above, we know all of the following except: A. the wage rate = $125. Question 29 . c. additional training costs. All of the following statements are true about segmentation variables except: a. Intermediaries typically perform all of the following functions, except: a) Breaking down bulk. price is less than average variable cost at all rates of output . Which is the exception? Other available built-in awk variables are: NR. ANS: D DIF: Easy OBJ: 13-1. The hormone will travel to its target cell. Questions: 1. C) inflation rate. Confounding variables: A variable that hides the true effect of another variable in your experiment. A branched polymer made from glucose with a variable molecular weight between 10 and 100 million. This can happen when another variable is closely related to a variable you are interested in, but you haven't controlled it in your experiment. Process B has fixed costs of $500 and variable costs of $15 per unit. As production increases within the relevant range, a. All of the following are true EXCEPT that indirect costs: A) may be included in prime costs . All the following statements are true about variable names except . 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