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global trade

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Question

Could u explain global trade and the importance of investment?

 
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decision

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Question

When a decision is made in an organization, it is selected from a group of alternative courses of action (i.e.,

decision alternatives). The loss associated with not choosing a given decision alternative is referred to as a(n):

Sunk cost.

Discretionary.

Opportunity cost.

Committed cost.

Outlay cost.

 
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decision-making

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Question

Value streams are useful in decision-making because:They identify all value-added

products and services.

They help to highlight improved efficiency in the plant.

Special orders can be evaluated within the context of the value stream.

Irrelevant costs are identified.

Lean thinking produces costlier products.

 
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unit

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Question

The contribution margin per machine hour for a given product is calculated as:Full cost per unit ÷ number

of machine-hours per unit for the product in question.

Number of machine-hours per unit for the product in question ÷ full-cost per unit of the product.

Selling price per unit less variable manufacturing cost per unit for the product in question.

Selling price per unit for the product less the product’s variable manufacturing cost per unit less the variable selling cost per unit for the product.

Selling price per unit less total variable cost per unit, divided by number of machine-hours per unit.

 
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