Identify and Briefly Describe at Least Two Advantages and Two

question 39

Short Answer

Identify and briefly describe at least two advantages and two disadvantages of organizing project teams as dedicated teams.

Understand the importance of market-based pricing in setting selling prices.

Compute and analyze contribution margin in decision-making scenarios.

Understand the principle of target costing and its applications.

Differentiate between various cost concepts including product cost concept, total cost concept, and variable cost concept.

---

Definitions:

Reactance

Brehm’s theory that people try to protect their freedom to act. When they perceive that this freedom has been curtailed, they will act to regain it.

Inoculation Effect

A social psychology theory that suggests exposure to a weakened form of an argument increases later resistance to that argument.

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Anti-Smoking Campaign

Public health initiatives aimed at reducing smoking through education, awareness, and policies.