Question
1-Management-by-exception means that managers should ________. a. concentrate on areas that deviate from the plan and in the absence of other evidence, presume that areas
1-Management-by-exception means that managers should ________.
a. concentrate on areas that deviate from the plan and in the absence of other evidence, presume that areas that conform with plans are running smoothly
b. in the absence of other evidence, presume that areas that conform with plans are running smoothly
c. None of these
d. concentrate on areas that deviate from the plan
2- When evaluating alternative uses of a capital asset, equivalent decisions are reached using the opportunity cost approach and ________.
a. incremental analysis
b. contribution margin approach
c. absorption costing approach
d. cost-volume-profit analysis
3- Most companies make capacity decisions frequently.
True
False
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