Question
1) Evaluating a company's performance by its economic, social and environmental impact is called? ________. A) triple bottom line B) whole company concept C) value
1) Evaluating a company's performance by its economic, social and environmental impact is called? ________.
A) triple bottom line
B) whole company concept
C) value chain
D) downstream cost
2) Companies that provide healthcare, communication, banking and other benefits to society are called ?________.
A) service companies
B) societal organizations
C) merchandising companies
D) consumer organizations
3) Variable cost per unit, within the relevant range, will ________.
A) increase as production decreases
B) decrease as production decreases
C) remain the same as production levels change
D) decrease as production increases
4) A cellphone service provider charges $5.00 per month and $0.20 per minute per call. If a customer's current bill is $55, how many minutes did the customer use? (Round any intermediate calculations and your final answer to the nearest whole minute.)
A) 275 minutes
B) 300 minutes
C) 250 minutes
D) 225 minutes
5) Kim Airedale, a manager of Waggers, Inc., was reviewing the water bills of a dog daycare and spa. She determined that its highest and lowest bills of $3600 and $2800 were incurred in the months of May and November, respectively. If 500 dogs were washed in May and 200 dogs were washed in November, what was the variable cost per dog associated with the company's water bill? (Round your answer to the nearest cent.)
A) $4.00
B) $14.00
C) $7.20
D) $2.67
6) The highest value of total cost was $800,000 in June for Horchata Beverages, Inc. Its lowest value of total cost was $510,000 in December. The company makes a single product. The production volume in June and December were 13,000 and 8000 units, respectively. What is the fixed cost per month? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $510,000
B) $290,000
C) $46,000
D) $8000
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