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Questions and Answers
The $ ext{Net Present Value (NPV)}$ technique is used to safeguard against financial decline by evaluating the profitability of investments or projects.
The $ ext{Net Present Value (NPV)}$ technique is used to safeguard against financial decline by evaluating the profitability of investments or projects.
True (A)
Preparing a $ ext{cash budget}$ is a technique used for maximizing profits by ensuring sufficient cash is available to meet operational needs.
Preparing a $ ext{cash budget}$ is a technique used for maximizing profits by ensuring sufficient cash is available to meet operational needs.
False (B)
The $ ext{marginal costing technique}$ is used in decision-making by comparing the marginal revenue with marginal costs to determine the optimal production level.
The $ ext{marginal costing technique}$ is used in decision-making by comparing the marginal revenue with marginal costs to determine the optimal production level.
True (A)
Setting a $ ext{standard cost}$ for labor and materials is a budgeting technique used to prevent financial decline by controlling costs.
Setting a $ ext{standard cost}$ for labor and materials is a budgeting technique used to prevent financial decline by controlling costs.
The $ ext{responsibility accounting technique}$ is used in decision-making by allocating costs and revenues to different responsibility centers within an organization.
The $ ext{responsibility accounting technique}$ is used in decision-making by allocating costs and revenues to different responsibility centers within an organization.
