QUESTION 1

1. 20. The variables in break-even analysis are:

   A.	volume, cost, and profit
   B.	total cost, fixed cost, variable cost
   C.	Y, x, and price
   D.	total variable revenue and total sales

2 points   
QUESTION 2

1. 17. The marginal revenue associated with the following model is represented by:

   Model: Total Profit = Total Revenue – Total Cost

   A.	Contained within the Total Profit Term
   B.	Contained within the Total Revenue Term
   C.	Contained within the Total Cost Term
   D.	Cannot be determined

2 points   
QUESTION 3

1. 16. Which of the following best describes the Problem Modeling step of the Business Decision Modeling process?

   A.	Uses concrete models primarily during the early stages of the process.
   B.	Uses abstract models primarily during the early stages of the process.
   C.	Defines the problem to be modeled
   D.	The Problem Modeling step isn’t one of the steps in the Business Decision Modeling process.

2 points   
QUESTION 4

1. 9. At the break-even point the amount of profit recognized will be zero.

    True

    False

2 points   
QUESTION 5

1. 13. Which of the following are the steps to the Business Decision Modeling Process?

   A.	Problem Identification, Problem Definition, Problem Modeling, Initial Model Results, Review and Iteration, and Implementation.
   B.	Problem Initiation, Problem Definition, Problem Modeling, Initial Model Results, Review and Iteration, and Final Model Results.
   C.	Problem Identification, Problem Definition, Problem Modeling, Model Initiation, Review and Iteration, and Final Model Results.
   D.	Problem Initiation, Problem Definition, Problem Modeling, Model Initiation, Review and Iteration, and Implementation.

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Status NEW Posted 02 Aug 2017 07:08 AM My Price 7.00

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