A Technique That Ranks Alternative According to How Long Each

question 92

Multiple Choice

A technique that ranks alternative according to how long each takes to pay back its initial cost is:

• A)payback analysis.
• B)nominal group technique.
• C)simulation.
• D)brainstorming.

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Definitions:

July Production

The volume or quantity of goods and services produced by a company during the month of July.

Variable Overhead Efficiency Variance

The difference between actual and expected (or budgeted) variable overhead costs based on the actual level of production or activity.

July

The seventh month of the year in the Gregorian calendar, commonly associated with the height of summer in the Northern Hemisphere.

Variable Overhead Efficiency Variance

A measurement of the difference between the expected (or standard) amount of variable overhead based on actual output and the actual variable overhead incurred.