Managers Should Discontinue a Business If Which of the Following

question 44

Multiple Choice

Managers should discontinue a business if which of the following is less than the sum of relevant fixed costs and opportunity costs?

• A) Profit
• B) Variable cost
• C) Total cost
• D) Contribution margin

Develop schedules for expected cash collections and merchandise purchases.

Understand the steps and calculations involved in preparing a master budget, including sales, production, and cash budgets.

Calculate and analyze budgeted sales based on given data.

Estimate cash collections and disbursements to prepare a cash budget.

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Definitions:

Motivational Process

The internal mechanisms and external stimuli that propel individuals to act or perform in certain ways.

Implicit

Not directly stated or expressed; implied or understood though not plainly or clearly revealed.

Shared Leadership

An organizational leadership model wherein leadership roles and responsibilities are distributed among team members rather than being centered on a single leader, fostering collaboration and empowerment.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.