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Related questions with answers

The representative cost drivers in the right column of this table are randomized so they do not match the list of functions in the left column. 1. Match each function with its representative cost driver. 2. Give a second example of a cost driver for each function.

FunctionRepresentative Cost Driver1. Accounts payableA. Number of invoices sent2. RecruitingB. Number of purchase orders3. Data processingC. Number of research scientists4. Research and developmentD. Hours of computer processing units (CPU)5. PurchasingE. Number of employees hired6. WarehousingF. Number of payments processed7. BillingG. Number of pallets moved\begin{matrix} \text{Function} & \text{Representative Cost Driver}\\ \text{1. Accounts payable} & \text{A. Number of invoices sent}\\ \text{2. Recruiting} & \text{B. Number of purchase orders}\\ \text{3. Data processing} & \text{C. Number of research scientists}\\ \text{4. Research and development} & \text{D. Hours of computer processing units (CPU)}\\ \text{5. Purchasing} & \text{E. Number of employees hired}\\ \text{6. Warehousing} & \text{F. Number of payments processed}\\ \text{7. Billing} & \text{G. Number of pallets moved}\\ \end{matrix}

Question

If Jane is currently willing to trade 4 movie tickets for 1 basketball ticket, then she must like basketball better than movies. True or false? Explain.

Solution

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Answered 1 year ago
Answered 1 year ago
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This statement is not necessarily true\textbf{not necessarily true}.

If Jane is always willing to trade 4 movie tickets for 1 basketball ticket that will mean for sure that she likes basketball more than movies since she would always receive the same satisfaction from 4 movie tickets as she would from 1 basketball ticket.

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