Define the terms avoidable and unavoidable in the context of decision making. Provide a decision scenario and
Question:
Define the terms avoidable and unavoidable in the context of decision making. Provide a decision scenario and identify the avoidable and unavoidable costs.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Avoidable costs are those that occur only when a particular decis...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Define the following decision making errors and identify ways to correct for them: a. Poor problem identification.
-
Identify and define up to three concepts associated with making capital investment decisions such as cash flows, sunk costs, opportunity costs, or others. Discuss why your selected concepts are...
-
Define the decision making process and explain each step in it.
-
Q-1 A motor car shaft consists of a steel tube 30 mm internal diameter and 4 mm thick. The engine develops 10 kW at 2000 r.p.m. Find the maximum shear stress in the tube when the power is transmitted...
-
The power has gone out in your house, and you are using a small flashlight to read your probability book. You have three batteries available to you, all of the same brand, but you can't tell which...
-
In one-way ANOVA, identify a statistic that measures a. The variation among the sample means. b. The variation within the samples.
-
If a well-behaved investment alternative's internal rate of return (IRR) is equal to MARR, which of the following statements about the other measures of worth for this alternative must be true? 1....
-
(Part 1) Using a 4.5% discount rate, calculate the Net Present Value , Payback, Profitability Index, and IRR for each of the investment projects below (note, the inflows are for each year). Based on...
-
You ask your sister to look up the stock prices of two different companies: Carnival Cruise Lines (CCL) and, the world's largest toilet paper producer, Procter & Gamble (PG). How have the stock...
-
On December 31, Year 3, Mueller Corp. acquired 80% of the outstanding shares of Wilson Inc. for a total cost of $240,000. The carrying amount of Wilson's assets, liabilities, and equity was equal to...
-
Cherry, Inc., currently has a machine that costs $50,000 per year to operate. The machine can produce 60,000 units per year. Two years ago the company borrowed $450,000 to purchase the machine; it...
-
If a business continually has the capacity to accept special orders, what should managers consider?
-
The possibility of overcoming wheel friction, wear, and vibration by contactless suspension for passenger-carrying mass-transit vehicles is being investigated throughout the world. One design uses a...
-
a . On April 1 , the company hired an attorney for April for a flat fee of $ 5 0 0 . Payment for April legal services was made by the company on May 1 2 . b . As of April 3 0 , $ 1 , 4 1 2 of...
-
5) In the short run, if the Fed wants to fight a recession, should it buy or sell government securities? Why?
-
The 3 conditions of a perfectly competitive firm when it makes a profit, breaks even, loss?
-
How do we calculate FCFs back to their present value using the required rate of return. The required rate of return for Franklin Corporation is 13%, which reflects the risk associated with the...
-
Suppose $10,000 suddenly falls out of the sky and into your lap. Rather than spend it, you wisely invest it in an asset that pays an interest rate of 8% per year (compounded annually). At the end of...
-
The piano strings that vibrate with the lowest frequencies consist of a steel wire around which a thick coil of copper wire is wrapped. Only the inner steel wire is under tension. What is the purpose...
-
Interview managers at three companies in your area about their use of ERP. How have their experiences been similar? What accounts for the similarities and differences?
-
Wonderful Not only did our salespeople do a good job in meeting the sales budget this year, but our production people did a good job in controlling costs as well, said Kim Clark, president of Martell...
-
Applying Overhead; Overhead Variances Chilezuk, S.A., of Gdansk, Poland, is a major producer of classic Polish sausage. The company uses a standard cost system to help control costs. Manufacturing...
-
Applying Overhead; Overhead Variances Chilezuk, S.A., of Gdansk, Poland, is a major producer of classic Polish sausage. The company uses a standard cost system to help control costs. Manufacturing...
-
Cool Fizzy Ltd's production manager Phil Palm has been under pressure from senior management to improve divisional profitability (which is also incidentally linked to his management performance...
-
what is the expected pre-tax profit for this year, after deducting salary and overhead?
-
SMI Corp purchased a basket of assets including land, buildings and machinery for a lump sum of $30,000,000. If SMI wants to allocate the purchase cost to the assets in a manner that will minimize...
Study smarter with the SolutionInn App