Adding a 25% markup to the cost to produce a gallon of milk to obtain the optimal selling price is an example of the _____. (Points : 5)

relevant-cost approach

market-based approach

cost-plus approach

activity-based approach

Determining what a customer will pay for a product to determine the product price is a _____. (Points : 5)

market-based approach cost-plus approach relevant-cost approach activity-based approach

The second step in capital budgeting is _____. (Points : 5)

to identify potential projects to gather information to forecast potential cash flows to revise plans as necessary

The capital budgeting method that calculates the expected monetary gain or loss for the project by discounting expected future cash inflows and outflows is _____. (Points : 5)

the discounted cash flow method the internal rate-of-return method the net present value method sensitivity analysis