Production
Conversion
Revenue
Expenditure
Human Resources
100
A series of interrelated activities designed to generate revenue. (Pg:88-Book)
What is the revenue process?
100
a series of interrelated activities designed to produce the goods a company sells(Book)
What is conversion process?
100
a series of interrelated activities designed to enable the company to generate revenue.
What is expenditure process?
100
A situation where legal title to goods passes to the customer when the goods are received. (Pg:88-Book)
What is FOB destination?
100
A situation where legal title to goods passes to the customer when the goods are picked up by the common carrier.(Pg:88-Book)
What is FOB Shipping Point?
200
How a cost reacts to change in the level of operating variable.(Pg:88-Book)
What is cost behavior?
200
A document sent from the buyer to a vendor to request items for purchase.(Pg:88-Book)
What is purchase order?
200
The cost of all manufacturing resources used to make products that are not directly associated with production.(Pg:88-Book)
What is Manufacturing overhead?
200
A cost that varies but not proportionately to a change in activity throughout the relevant range.(Pg:88-Book)
What is mixed cost?
200
A variable that does not depend on another variable?(Pg:88-Book)
What is Independent variable?
300
A cost that does not change in total as the amount of the activity driver changes throughout the relevant range.(Pg:88-Book)
What is fixed cost?
300
A company's total revenues less its total expenses for a period of time.(Pg:88-Book)
What is net income?
300
Total sales less total variable costs at a given level of activity.(Pg:88-Book)
What is contribution margin?
300
A cost that changes in direct proportion to the change in the amount of activity driver throughout the relevant range.(Pg:88-Book)
What is variable cost?
300
The practice of selling products below cost in an attempt to drive put competition, control the market, and then raise prices.(Pg:148-Book)
What is Predatory pricing?
400
A pricing strategy where the company attempts to set a selling pricing for the life of the product based on its total life-cycle costs.(Pg:133-Book)
What is life-cycle pricing?
400
The cost of employees who manufacture the product.(Pg:109-Book)
What is direct labor?
400
Selling price less cost.(Pg:132-Book)
What is selling margin?
400
A variable that depend on another variable.(Pg:85-Book)
What is dependent variable?
400
Bases that reflect the consumption or provision of resources.(Pg:78-Book)
What is activity driver?
500
Payment for services rendered based on the number of hours worked.(Pg:142-Book)
What is hourly pay?
500
The employee's take-home pay.(Pg:143-Book)
What is net pay?
500
A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.(Pg:134-Book)
What is target pricing?
500
A cost that is incurred to obtain or manufacture a product.(Pg:108-Book)
What is product cost?
500
The additional cost associated with an alternative.(Pg:111-Book)
What is incremental cost?
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