Solved

Scenario D

question 95

Multiple Choice

Scenario D. Margarita works for a small company, which processes and cans tomatoes and other vegetables. She reports to the CFO. It is her job to predict the costs of raw materials for the next five years. She uses various research sources including the news to learn who the competition is and what they have been doing. In fact she subscribes to an analyst e-newsletter that tells her about crop availability and weather conditions all around the globe. Every month she develops a spreadsheet for her boss indicating the likely costs of vegetables given the type of weather conditions expected in each area of the world and thus the availability of particular crops. She is also involved in a team that is investigating how to cut canning costs. They have recently met with Good Cans, a company that manufactures and cans tennis balls. Good Cans is considered the top company in the canning industry, especially around canning process knowledge and Margarita's team is comparing their processes to those of Good Cans to see how they might improve.
-The research Margarita is using is called

Identify the components of high-quality writing and speaking.

Understand the process of preparing financial reports in QuickBooks Online (QBO).

Distinguish between financial statements and tax forms preparation principles.

Understand the components and presentation of a balance sheet.

Definitions:

Marginal Productivity

The additional output that results from using one more unit of a specific factor of production, holding all other factors constant.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production levels vary.

Output

The quantity of goods or services produced by a business, industry, or economy.

Long Run

Period in which all inputs or factors of production can be varied, and all costs are variable, allowing companies to adjust to changes in market demand or production capabilities.