CHOICE (50x1point 1. Which of the following is not a major influence on pricing A. Price demand for a product B. Competitive environment C. Supply cost D. Time horizon E. Management performance packages EUSE SCANTRON 2. Additional costs incurred to obtain either more resources or more sales are called: A. Separable costs B. Carrying costs C. Sunk costs D. Incremental costs E. Stockout costs 3. Inventory always carries high. A. Shrinkage cost B. Ordering cost C. Opportunity cost D. Cost of quality E. Carrying cost 4. Which of the following cost methods assigns costs of a prior accounting period's equivalent units in the beginning work in process inventory to the units completed and transferred out at the start of the current accounting period? A. Physical measure method B. Estimated net realizable value method C. Weighted-average process costing method D. FIFO process costing method E. Standard-costing method 5. Which statement is false? Management accounting: A. Measures, analyzes, and reports financial and nonfinancial information to internal managers B. Uses past performance to predict the future C. Uses reports that plainly inform managers of the financial results of actua operations D. Is based on GAAP and IFRS E. Reports should show how activities can be changed to affect and impro will happen in the future