Refer to the Information Provided in Table 20 $\quad\quad\quad\quad\quad\quad$ Mexico $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad$ Guatemala

question 65

Multiple Choice

Refer to the information provided in Table 20.1 below to answer the questions that follow.
Table 20.1 $\quad\quad\quad\quad\quad\quad$ Mexico $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad$ Guatemala
$\begin{array}{cccc}\begin{array}{c}\text { Oranges } \\\text { bushel/acre }\end{array} & \begin{array}{c}\text { Bananas } \\\text { bushel/acre }\end{array} & \begin{array}{c}\text { Oranges } \\\text { bushel/acre }\end{array} & \begin{array}{c}\text { Bananas } \\\text { bushel/acre }\end{array} \\\hline 200 & 0 & 50 & 0 \\160 & 40 & 40 & 20 \\120 & 80 & 30 & 40 \\80 & 120 & 20 & 60 \\40 & 160 & 10 & 80 \\0 & 200 & 0 & 100 \\\hline\end{array}$
-Refer to Table 20.1. In Guatemala, the opportunity cost of 1 bushel of oranges is

• A) 1/2 bushel of bananas.
• B) 1 bushels of bananas.
• C) 2 bushel of bananas.
• D) 4 bushels of bananas.

Comprehend different managerial accounting tools that aid in decision-making.

Understand the concepts of planning and continuous improvement in management.

Identify how managerial accounting information supports strategic marketing decisions.

Acknowledge the principles of customer orientation in marketing management.

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Definitions:

Dollar-Value LIFO

An inventory valuation method that uses the last-in-first-out (LIFO) principle, adjusted for changes in the dollar's value, to account for inflation.

Year-End Price

The final market price of a security or an asset on the last trading day of the fiscal year.

Price Index

A statistical measure that examines the weighted average of prices of a basket of consumer goods and services, indicating cost of living changes over time.

Realized Holding Gains

Profits made from the sale of an investment that has increased in value over the time it was held.