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Presented Below Are Terms Preceded by Letters (A)through (G)and Followed

Question 137

Matching

Presented below are terms preceded by letters (a)through (g)and followed by a list of definitions 1 through 7.Match the letter of the term with the definition.Use the space provided preceding each definition.

Premises:
Management sets sales price equal to the product's total costs plus a desired markup on the product.
The combination of products sold by a company.
A desired profit amount.
Worker morale, company image, and reputation.
Amounts a company would continue to incur even if the segment in question is eliminated.
The production and nonproduction costs related to a given unit.
Amounts a company would not incur if the segment in question is eliminated.
Responses:
Total cost per unit
Markup
Qualitative decision factors
Total cost method
Avoidable costs
Sales mix
Unavoidable expenses

Correct Answer:

Management sets sales price equal to the product's total costs plus a desired markup on the product.
The combination of products sold by a company.
A desired profit amount.
Worker morale, company image, and reputation.
Amounts a company would continue to incur even if the segment in question is eliminated.
The production and nonproduction costs related to a given unit.
Amounts a company would not incur if the segment in question is eliminated.
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