You Have to Determine What Method Is Best to Prevent

question 12

Multiple Choice

You have to determine what method is best to prevent the growth of microorganisms in your company's food---ham roasts.This method should be efficient,have a high kill rate,not change the food integrity or taste for the most part,and not add much in the way of chemicals.What would you choose?

• A)filtration
• B)pasteurization
• C)gamma radiation
• D)freezing
• E)food preservatives

Explain the role of pricing in achieving a firm’s financial goals such as revenue maximization and profit optimization.

Comprehend the influence of external factors, such as competitor pricing and market demand, on a firm’s pricing decisions.

Explore the relationship between price, demand, and the product life cycle stages in setting pricing strategies.

Understand the types of competitive markets (pure competition, monopolistic competition, oligopoly, pure monopoly) and their implications on pricing strategy.

---

Definitions:

Gross Profit

The financial difference between revenue and the cost of goods sold before other expenses are deducted.

Fixed Factory Overhead Rate

A predetermined rate used to allocate fixed overhead costs to produced goods based on a consistent basis, such as labor hours or machine hours.

Fixed Factory Overhead Volume Variance

A measure used in cost accounting to determine the difference between the budgeted and actual volume of production, affecting the allocation of fixed overhead costs.

Standard Direct Materials

The predetermined cost and quantity of raw materials expected to be used in the production process, used for budgeting and performance evaluation.