With explanation PLEASE!!

1. Operating at or near full capacity will require a firm considering a special order to recognize potentially the:

A. Opportunity cost from lost sales.

B. Value of full employment.

C. Time value of money.

D. Need for good management.

2. When a firm determines the desired cost for a product or service, given a competitive market price, in order to earn a desired profit, the firm is exercising:

A. Target costing.

B. Life cycle costing.

C. Variable costing.

D. Absorption costing.

3. Performance evaluation in most firms is applied at: A. Many different levels from top management down to individual production and sales employees. B. All levels of production, but only top levels of sales. C. Top and mid-management levels only. D. Lower and mid-management levels only.

4. In a non-profit organization, you are more likely to see: A. Cost centers. B. Revenue centers. C. Profit centers. D. Investment centers.

5. Which of the following is the most appropriate short-term financial-performance indicator for an investment center that is a division of a larger business entity? A. Residual income (RI). B. Operating income, pre-tax. C. Return on equity (ROE). D. Operating income, after-tax.

6. A primary limitation of ROI as a performance-evaluation metric for investment centers is that ROI: A. Is a long-term, not short-term, performance indicator. B. Excludes the level of investment from the performance metric. C. Understates the level of "investment" for organizations operating in the knowledge-based economy. D. Cannot handle current-value estimates of assets.