If You Were the CEO of a Company That Was

question 27

Multiple Choice

If you were the CEO of a company that was looking to implement strategies to fill a perceived strategic-planning gap, you would most likely explore ________ strategy first because it is easier to improve an existing business than to build a new one.

• A) market-penetration
• B) market-development
• C) diversification
• D) product-development
• E) exclusive

Calculate the total cost transferred from one department to another.

Calculate the cost of ending work in process inventory.

Perform cost reconciliation in a process costing system.

Determine equivalent units for materials and conversion costs.

---

Definitions:

Invested Money

Funds allocated by individuals or entities into financial instruments or assets with the expectation of generating income or profit.

Interest Rates

The amount charged by lenders as a percentage of the principal, as the cost for borrowing money.

Compounded Quarterly

A method of calculating interest where the accrued interest is added to the principal sum four times a year, affecting future interest calculations.

Saving Account

A savings account in a banking institution that guarantees the safety of the deposited money while offering a low interest rate.