18) 18) Amon g different types of costs associated with inventory, four categories of quality costs are A) prevention costs, appraisal costs, internal failure costs, and external failure costs B) control costs, inspection costs, internal failure costs, and external failure costs O) prevention costs, control costs, internal failure costs, and external failure costs D) prevention costs, inspection costs, internal failure costs, and external failure costs 19) 19) In situations where the required rate of return is not constant for each year of the project, it is advantageous to use A) the projected income method C) the nominal rate-of-return method B) the net present value method D) the internal rate-of-return method 20) 20) In markets that are not perfectly competitive, A) companies can increase their capacity utilization only by decreasing their prices B) the opportunity cost will equal the minimum contribution margin C) the selling division will not have any unused capacity D) minimum transfer price will equal the incremental cost per unit incurred up to the point of transfer 21) 21) A perfectly competitive market exists when which of the following conditions are present? A) market prices drop well below their historical averages due to supply outstripping demand B) there is a homogeneous product with buying prices equal to selling prices C) market prices reach well above their historical averages due to demand outstripping supply D) individual buyers or sellers can affect prices by their own actions 22) Which of the following describes boundary control systems? 22) A) set limits by instituting and communicating standards of behavior and codes of conduct expected of all employees B) describe the geographic limits of a company and help organize its layout C) articulate the mission, purpose, and core values of a company D) are formal information systems managers use to focus the company's attention and learming on key strategic issues 23) When managers set and measure target levels of performance and feedback, 23) A) the historical-cost-based accounting measures are usually adequate for evaluating economic B) the timing of feedback is not dependent on the sophistication of the organization's C) how critical the information is for success of the organization and the management level D) the historical-cost ROIs cannot be used to evaluate current performance returns on new investments information technology receiving the feedback 18) 18) Amon g different types of costs associated with inventory, four categories of quality costs are A) prevention costs, appraisal costs, internal failure costs, and external failure costs B) control costs, inspection costs, internal failure costs, and external failure costs O) prevention costs, control costs, internal failure costs, and external failure costs D) prevention costs, inspection costs, internal failure costs, and external failure costs 19) 19) In situations where the required rate of return is not constant for each year of the project, it is advantageous to use A) the projected income method C) the nominal rate-of-return method B) the net present value method D) the internal rate-of-return method 20) 20) In markets that are not perfectly competitive, A) companies can increase their capacity utilization only by decreasing their prices B) the opportunity cost will equal the minimum contribution margin C) the selling division will not have any unused capacity D) minimum transfer price will equal the incremental cost per unit incurred up to the point of transfer 21) 21) A perfectly competitive market exists when which of the following conditions are present? A) market prices drop well below their historical averages due to supply outstripping demand B) there is a homogeneous product with buying prices equal to selling prices C) market prices reach well above their historical averages due to demand outstripping supply D) individual buyers or sellers can affect prices by their own actions 22) Which of the following describes boundary control systems? 22) A) set limits by instituting and communicating standards of behavior and codes of conduct expected of all employees B) describe the geographic limits of a company and help organize its layout C) articulate the mission, purpose, and core values of a company D) are formal information systems managers use to focus the company's attention and learming on key strategic issues 23) When managers set and measure target levels of performance and feedback, 23) A) the historical-cost-based accounting measures are usually adequate for evaluating economic B) the timing of feedback is not dependent on the sophistication of the organization's C) how critical the information is for success of the organization and the management level D) the historical-cost ROIs cannot be used to evaluate current performance returns on new investments information technology receiving the feedback