GB 519 RANK Career Path Begins/gb519rank.com GB 519 RANK Career Path Begins/gb519rank.com | Page 49

Exercise 14-40 Problem 15-53 ------------------------------------------------------------------------------

UNIT 5 QUIZ

GB 519 Unit 5 Quiz FOR MORE CLASSES VISIT www . gb519rank . com

1 . Question : When a firm determines the desired cost for a product or service ,

given a competitive market price , in order to earn a desired profit ,

the firm is exercising : Student Answer : Target costing . Life cycle costing . Variable costing . Absorption costing . Competitive costing .

Question 2 . Question : The theory of constraints ( TOC ) emphasizes which of the

following ?