Exhibit 15.1 The Following Questions Employ the AON Network and Partial Spreadsheet

question 7

Multiple Choice

Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
-Activity-on-Arc (AOA) networks do not allow multiple arcs with common start and finish nodes. If this must be represented, how is an AOA network modified?

• A) The network is redrawn into an Activity-on-Node network.
• B) Connect the arcs to the node using an IFERROR() function.
• C) Phantom (dummy) activity arcs are added.
• D) Zero duration activity arcs are added.

Recognize the factors influencing pricing decisions, including cost-plus and variable cost concepts.

Identify the concepts of sunk cost, differential cost, and opportunity cost in decision-making processes.

Understand the importance of contribution margin per scarce resource in profitability analysis.

Assess the impact of discontinuing a segment or product on the company's net income.

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Definitions:

Personally Liable

Being personally responsible for fulfilling the obligations of a debt or liability, not limited to the resources of a business or corporation.

Authorized Agent

An individual or organization legally empowered to act on behalf of another person or entity.

Discharge of Liability

The release of a debtor from the obligation to repay a debt, either through payment of the debt, through legal processes, or by agreement with the creditor.

Real Defenses

Legitimate legal defenses that can be asserted regardless of the contract's validity, often used in negotiating or contesting payment obligations.