CPEN 481 Final Questions with Answers 100% Solved

CPEN 481 Final Questions with
Answers 100% Solved
TheMDecisionMMakingMProcessM-MAnswerM1.MRecognizeMtheMproblemMorMopportunity

2.MDefineMtheMgoalMorMobjective

3.MAssembleMrelevantMdata

4.MIdentifyMfeasibleMalternatives

5.MSelectMtheMcriterionMforMdeterminingMtheMbestMalternatives

6.MConstructMaMmodel

7.MPredictMeachMalternative'sMoutcomesMorMconsequences

8.MChooseMtheMbestMalternative

9.MAuditMtheMresult



FixedMCostsM-MAnswerM-MCostsMdoMnotMchangeMwithMoutMput

-MEx.Minsurance,MpropertyMtax,Minterest,Mrent,Mwages



VariableMCostsM-MAnswerM-MDependsMonMtheMlevelMofMoutputMorMactivity

-
MEx.MnumberMofMapplesMtoMappleMpies,MdoorsMtoMtheMcarsMproduced,MscreensMtoMco
mputers



MarginalMCostsM-MAnswerM-MCostsMforMoneMmoreMunitMorMoneMmoreMactivityM

-MEx.MTCM=M100$MforMunitMoneMandMTCM=M210MforMunitM2MthenMMCM=M??



AverageMCostsM-MAnswerM-MTotalMcostMdividedMbyMtheMnumberMofMunits



TotalMCostM-MAnswerM=MtotalMfixedMcostM+MtotalMvariableMcost



Break-evenMpointM-
MAnswerMTheMlevelMofMactivityMatMwhichMtheMtotalMcostMofMprovidingMtheMproduct,M
goodMorMserviceMisMequalMtoMtheMrevenue

,ProfitMregionM-MAnswerMValuesMofMtheMvariableMxMgreaterMthanMtheMbreak-
evenMpoint,MwhereMtotalMrevenueMisMgreaterMthanMtotalMcosts



LossMregionM-MAnswerMValuesMofMtheMvariableMxMlessMthanMtheMbreak-
evenMpoint,MwhereMtotalMcostMisMgreaterMthanMtotalMrevenue



SunkMCostM-MAnswerM-MMoneyMalreadyMspentMdueMtoMaMpastMdecision

-MShouldMbeMdisregardedMinMengineeringMeconomicManalysis

-MNothingMcanMbeMdoneMatMthisMpointMtoMchangeMtheMcost



OpportunityMCostM-MAnswerM-
MTheMcostsMassociatedMwithMaMresourceMbeingMusedMforManMalternateMtask

-MSometimesMreferredMtoMasM"forgoneMopportunityMcosts"



RecurringMCostM-MAnswerM-MAMcostMthatMreoccursMatMregularMintervals



Non-recurringMCostM-MAnswerM-MOneMofMaMkindMcostMrecurringMatMirregularMintervals



IncrementalMCostM-MAnswerM-MCostMdifferencesMbetweenMalternatives



CashMCostM-MAnswerM-MRequiresMaMcashMtransaction(cashMflow)



BookM(Non-cash)McostsM-MAnswerM-MRecordedMbutMareMnotMtransactions

-
MDoMnotMrepresentMcashMflows,MthusMareMnotMincludedMinMengineeringMeconomicMana
lysis



Life-CycleMCostsM-MAnswerM-MConsidersMcostsMoverMtheMentireMlife-cycle



FinancialMAccountingM-MAnswerM-
MconcernedMwithMrecordingMandManalyzingMtheMfinancialMdataMofMaMbusiness

-
MProvideMinformationMtoMbothMinternalMmanagementMandMexternalMpartiesMwhoMwishM
toMmakeMdecisionsMaboutManMenterprise

, -MRequiredMbyMlaw

-MCommunicateMwithMstakeholders



ManagerialMAccountingM-MAnswerM-
MConcernedMwithMestimatingMandMmonitoringMcostsMandMbenefitsMofMtheMvariousMactivi
tiesMofManMenterprise



FinancialMManagementM-MAnswerM-
MPlanMfutureMtransactionsM&MaidMforMbetterMdecisionMmaking

-MManageMtheMfinancesMandMeconomicMresourcesMofMtheMorganizationM

-MCreateMwealthMforMtheMbuisnessMandMinvestors



ExamplesMofMfinancialMmanagementMdecisionsM-MAnswerM-
MEvaluatingMaMcapitalMinvestment

-MEvaluatingMmergeMcandidate,MorMdivision

-MDebtMabilityMofMaMfirm



AssetsM(A)M-MAnswerM-MItemsMthatMtheMcompanyMownsMthatMhaveMvalue



LiabilitiesM(L)M-MAnswerM-MMoneyMthatMtheMcompanyMowesMtoMothers



EquityM(OE)M-MAnswerM-
MTheMportionMofMtheMtotalMassetsMthatMtheMownersMorMstockholdersMofMtheMcompan
yMfullyMown



RevenueM(R)M-MAnswerM-
MMoneyMtheMcompanyMearnsMfromMitsMsalesMofMproductsMorMservices



ExpensesM(E)M-MAnswerM-
MMoneyMtheMcompanyMspendsMtoMproduceMtheMgoodsMorMserviceMthatMitMsells



BalanceMSheetM-MAnswerM-MCompany'sMcurrentMfinancialMposition

-MAssetsMandMLiabilitiesMatMaMspecificMpointMinMtimeM

-MBookMvalue