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QUIZ 1 BPK 30902

�Working capital is a variable cost

TRUE

FALSE

The greatest potential for cost savings occurs in the operation phase of the life cycle

TRUE

FALSE

If the capacity of an operation is significantly changed (e.g., a manufacturing plant), the fixed costs will also change.

TRUE

FALSE

�A noncash cost is a cash flow

TRUE

FALSE

Goods and services have utility because they have the power to satisfy human wants and needs

TRUE

FALSE

The demand for necessities is more inelastic than the demand for luxuries

TRUE

FALSE

�Indirect costs can normally be allocated to a specific output or work activity

TRUE

FALSE

Overhead costs normally include all costs that are not direct costs

TRUE

FALSE

Standard costs per unit of output are established in advance of actual production or service delivery.

TRUE

FALSE

My BPK 30902 lecturer FOR SEM 2 2017/2018 is good looking

TRUE

FALSE

NAME

MATRIC NO

SECTION

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