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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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