1. When a product or segment of a business is determined to be generating a loss, the total income from operations for the company will always increase if management eliminates the product or segment? T/F

2. When deciding to make or buy a part needed for the manufacturing process, management needs to consider whether the plant has excess production capacity available to make the part or if current production will need to be interrupted to manufacture the part? T/F

3.In addition to the differential costs in an equipment replacement decision, the difference between the remaining useful life of the old equipment and the estimated life of the new equipment is an important consideration? T/F

4.When choosing whether or not to replace a fixed asset, management will consider the price at which the asset can be sold? T/F

5. Manufacturers must conform to the Robinson-Patman Act, which prohibits price discrimination within the United States unless differences in prices can be justified by different costs? T/F

6. In deciding whether to accept business at a special price when the company is operating below full capacity, the special price should be set high enough to cover both the fixed and variable costs? T/F

7. In deciding whether to accept business at a special price when the company is operating at full capacity, the special price should be set high enough to cover all fixed and variable costs and expenses? T/F