A business makes four components, but machine hours are in short supply. The components could be bought from an outside supplier. The following information is available:Which is the best component to buy-in, in order to maximise profit?
A. Component A
B. Component B
Component C
D. Component D
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Different managers have different information requirements.Which of the following would be the main information need for a marketing manager of an organisation?
A. Raw materials prices
B. Customer feedback
Cash flow position
D. Plant and machinery investment appraisal
What TWO pieces of information would a business need to make a decision on buying new machinery?
A. How much money is available to the business for the purchase
B. The number of units of the machine sold by the supplier in the past 5 years
C. The price of the machine and payment terms
D. The country of manufacture of the machinery
Which of the following is attribute of good management information?
A. Wide ranging
B. Consistent
Complex
D. User-targeted
Which of the following statements describes the behaviour of total stepped costs?
A. Changes every time activity levels change
B. Stay the same when activity levels change
Change suddenly then remain stable over a range of activity levels
D. Have a minimum value then increase every time activity levels increase