Chapter 9 21. If the incremental costs of processing further are greater than th

Question

Chapter 9

21. If the incremental costs of processing further are greater than the incremental revenue, the decision of selling the product at the split-off point is justified.

a. True

b. False

22. The common costs shared by two or more products before they are split off are called joint costs.

  a. True

b. False

23. Managers should use only financial and quantitative information in the decision-making process.

a. True

b. False

24. Conducting post completion audits to determine if short-run outcomes were achieved falls under the evaluation stage of the management process.

a. True

b. False

25. Managers should use both financial and nonfinancial quantitative and qualitative information as inputs in the decision-making process.

a. True

b. False

Explanation / Answer

Answers:

21. If the incremental costs of processing further are greater than the incremental revenue, the decision of selling the product at the split-off point is justified.

b. False

22. The common costs shared by two or more products before they are split off are called joint costs.

a. True

23. Managers should use only financial and quantitative information in the decision-making process.

b. False

24. Conducting post completion audits to determine if short-run outcomes were achieved falls under the evaluation stage of the management process.

a. True

25. Managers should use both financial and nonfinancial quantitative and qualitative information as inputs in the decision-making process.

a. True

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