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bija089 [108]
3 years ago
11

When making decisions, managers should consider all relevant benefits and relevant costs, which include: (Check all that apply.)

Multiple select question. incremental costs. opportunity costs. historical costs. out-of-pocket costs. sunk costs.
Business
1 answer:
Alona [7]3 years ago
5 0

Answer:

opportunity costs, incremental costs, out-of-pocket costs

Explanation:

The cost of the following finest possibility that is sacrificed is referred to as the opportunity cost. These are important considerations while deciding between two alternative options.The costs that the firm pays out of pocket are known as out of pocket charges. These are important considerations while making a judgment

The variation in costs between two decisions is referred to as incremental costs. All of these are important in making decisions.

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A ______ organization's purpose is to make money by offering products or services.
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For-profit.

Explanation:

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If there are two lawyers with similar experience and fees, you should make a decision by _____.
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If there are two lawyers with similar experience and fees, you should make a decision by asking other lawyers for recommendations.

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(a) When an anti-assignment clause exists in a contract, a court will not enforce it because it is against public policy.
lidiya [134]

Answer:

a. <u>FALSE</u>

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4 0
3 years ago
The incomes of all families in a particular suburb can be represented by a continuous random variable. It is known that the medi
liberstina [14]

Answer:

a) 0.10 or 10%

b) 0.5417 or 54.17%

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a) The median income of $60,000 is at the 50th percentile of the distribution. If 40% if incomes are above $72,000, then an income of $72,000 is at the 60th percentile of the distribution. Therefore, the probability that a family's income will be between $60,000 and $72,000 is:

P( \$60,000 \leq X \leq \$72,000)=0.6-0.5\\P( \$60,000 \leq X \leq \$72,000)=0.1 = 10\%

b) If the distribution is known to be uniform, the probability that a random chosen family has an income below $65,000 is:

P( X \leq \$65,000)=0.5+\frac{65,000-60,000}{72,000-60,000}*0.1\\ P( X \leq \$65,000)=0.5417 =54.17\%

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4 years ago
One of the usual differences between financial and managerial accounting is the time dimension of the information reported.
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