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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?