Apple's Decision in 2002 to Focus on Developing a Smartphone

question 93

Multiple Choice

Apple's decision in 2002 to focus on developing a smartphone rather than a tablet computer exemplifies the

• A)refusal of firms to invest in more than one project where unlimited resources are involved.
• B)refusal of firms to invest in more than one project where limited resources are involved.
• C)trade-off that firms face due to unlimited resources.
• D)trade-off that firms face due to limited resources.

---

Definitions:

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average of all units available for sale.