GLEIM MISC.

Question 1

Learning Curve

Variable
Constant

Answer 1

the number of hours

component units

Question 2

Sensitivity

EV

Answer 2

monitoring of changes

probability of outcomes using weighted average

Question 3

Coefficient of correlation

Coefficient of determination

R2

Coefficient Variation

Higher/Lower Coefficient Variation

Answer 3

R

R squared (% EXPLAINED BY the independent variable)

Higher the R squared the better the regression analysis

SD/required rate of return

Higher Rate GREATER RISK
LOWER IS BETTER

Question 4

Average time per unit after 2

Average time to produce a 2nd unit

Answer 4

Cummulative Total

Difference between the total times

Question 5

Culmination of the master budget

Answer 5

CASH BUDGET

Question 6

When asked for DM PRODUCTION where do you start

Answer 6

1 - FG amount

2 - DM amount

Question 7

COGS & COGM

Answer 7

COGS is the same COGM + BI - FG

Question 8

COGM

Answer 8

DL DM OH

Question 9

CONVERSION COSTS

Answer 9

DL + OH VARIABLE + OH FIXED

Question 10

SP

Answer 10

unit costs/ 1 - gross margin

Question 11

Contribution Margin

Answer 11

SP - ALL Variable costs

Question 12

Variances

Price

All others

Answer 12

Price is the difference * Actual

Others is the difference * Standard

Question 13

Underapplied Volume-Costs

OverApplied

Answer 13

Actual Volume = Less
Actual Costs = more

Actual Volume

Question 14

Formula to find BWIP/EWIP

Answer 14

BWIP + Units Started = Ending WIP + Units Completed

Question 15

Elastic

Inelastic

Graph

Answer 15

horizontal line

vertical line

Question 16

Dimishing Returns

Economies of Scale

Answer 16

after a certain point there no additional amounts that add value

AVERAGE Total Cost in the LONG RUN ; SHORT RUN will decrease
INCREASES BARRIERS TO ENTRY

Question 17

RECEIVABLE

PAYABLE

Answer 17

SELL CURRENCY - BCUZ YOU NEED TO SELL IF FOR YOUR CURRENT

BUY CURRENCY - BCUZ YOU NEED TO BUY IT TO PAY

Question 18

Supply in the short run

Answer 18

REMAINS UNCHANGED

Question 19

FORWARD CONTRACT

FUTURE CONTRACT

Answer 19

PRIVATE

GENERIC

Question 20

Call

Put

Answer 20

market - exercise (BUY) - Market > Exercise

exercise - market (SELL) - Exercise > Market

Question 21

Coefficient to reduce unsystemic risk

Answer 21

-1 ; because represents inverse of numbers

Question 22

Throughput time

Answer 22

time to convert raw materials into finished goods

Question 23

common costs

Answer 23

indirect costs

Question 24

tariffs

Answer 24

IMPORTS

Question 25

ERM EXCLUDES

Answer 25

ENTERPRISE RISK MANAGEMENT

Question 26

quantity and price

Answer 26

INVERSE RELATIONSHIP

Question 27

EOQ used for

Answer 27

ordering and carrying costs only

Question 28

ERM does not include

Answer 28

IMPLEMENTATION