Answer:
The correct answer is A
Explanation:
Payoff matrix is a kind of tool which is used in order to simplify the all the outcomes of a decision which is strategic in nature. It represent all the possible alternatives and all the possible outcomes.
So, it depicts or states the alternatives which could be possible for the decisions with the states of the natures.
Answer:
I agree A firm cannot be successful if it does not pay attention to external and force environments
Answer:
D) Original cost.
Explanation:
When the company uses the lower of cost or market method, it should assign value to its inventory by calculating the middle figure between replacement cost or net realizable value, and net realizable value - normal profit.
In this case, the market value must be either the replacement cost or the net realizable value, but both values are the highest. Since the original cost is below the market value, but above the net realizable value - normal profit, the inventory must be valued at the original cost.