The entity uses paper-based packaging for its food items. However, it had no choice but to continue using plastic spoons and forks because the biodegradable alternative is too expensive as an outright cost. The entity's approach to plastic use is Identify whether A. Avoidance B. Mitigation C. Acceptance
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The entity uses paper-based packaging for its food items. However, it had no choice but to continue using plastic spoons and forks because the biodegradable alternative is too expensive as an outright cost. The entity's approach to plastic use is
Identify whether
A. Avoidance
B. Mitigation
C. Acceptance
Step by step
Solved in 2 steps
- Environmental costs are those costs incurred because poor environmental quality exists or may exist. As with quality costs, environmental costs can be placed into one of four categories. One of these categories is external failure costs. Which of the following describes one of the two external failure cost categories? a. Costs incurred to detect pollution caused by the firm b. Costs incurred to prevent pollution from contaminating the environment after pollution has been produced c. Pollution costs caused by the firm but paid for by society d. Costs incurred to prevent the production of pollutionWithin the general functions of packaging, specific functions are performed. One of those specific functions is "apportionment," which can be defined as: Multiple Choice О Allowing products to be used with little wasted effort by customers. о To protect the contents of the package from damage or loss. Translating the large output of manufacturing into smaller quantities of greater use to customers. О The use of unambiguous, readily understood wording, symbols or pictures. О None of the options are definitions of apportionment.State with a brief reason, the appropriate pricing policy that should be adopted in the following situations. (Do not copy the situation into your answer books) (i) A health centre doing routine health check-up with normal facilities. (ii) A newly formed company is trying to build a unique product that it may patent. Some of the product's components, designed to specifications are outsourced to A. The
- Classify the following environmental activities as prevention costs, detection costs, internal failure costs, or external failure costs. For external failure costs, classify the costs as societal or private. Also, label those activities that are compatible with sustainable development (SD). 1. A company takes actions to reduce the amount of material in its packages. 2. After the activated carbons useful life, a soft-drink producer returns this material used for purifying water for its beverages to the supplier. The supplier reactivates the carbon for a second use in nonfood applications. As a consequence, many tons of material are prevented from entering landfills. 3. An evaporator system is installed to treat wastewater and collect usable solids for other uses. 4. The inks used to print snack packages (for chips) contain heavy metals. 5. Processes are inspected to ensure compliance with environmental standards. 6. Delivery boxes are used five times and then recycled. This prevents 112 million pounds of cardboard from entering landfills and saves 2 million trees per year. 7. Scrubber equipment is installed to ensure that air emissions are less than the level permitted by law. 8. Local residents are incurring medical costs from illnesses caused by air pollution from automobile exhaust pollution. 9. As part of implementing an environmental perspective for the Balanced Scorecard, environmental performance measures are developed. 10. Because of liquid and solid residues being discharged into a local lake, the lake is no longer fit for swimming, fishing, and other recreational activities. 11. To reduce energy consumption, magnetic ballasts are replaced with electronic ballasts, and more efficient light bulbs and lighting sensors are installed. As a result, 2.3 million kilowatt-hours of electricity are saved per year. 12. Due to a legal settlement, a chemicals company must spend 20,000,000 to clean up contaminated soil. 13. A soft-drink company uses the following practice: In all bottling plants, packages damaged during filling are collected and recycled (glass, plastic, and aluminum). 14. Products are inspected to ensure that the gaseous emissions produced during operation follow legal and company guidelines. 15. Operating pollution control equipment incurs costs. 16. An internal audit is conducted to verify that environmental policies are being followed.Which of the following is NOT a relevant consideration when assessing if a product is unsafe according to the ACL?Select one:a. Whether the item was manufactured in Australiab. The likely uses to which a person might use the productc. Whether the item contained warning labelsd. How the item was marketede. Whether the item contained sufficient safety instructionsWolvo Company has defective products in inventory. It hasthe opportunity to either sell, scrap, or rebuild the defectiveproducts. Identify several factors Wolvo Company shouldconsider before making a decision.
- If a product is shipped FOB (destination) and is destroyed in transit, who will pay for the loss? 1.The seller 2.The buyer 3.FOB (Destination) is not a valid delivery term 4.They will split the lossCost Allocation in Health Care Cost allocation is often the centerpiece of conflict that is resolved product line that is of interest to the plaintiff. This is particularly an issue when a company produces in court cases. The litigation usually involves the dispute over how costs are allocated to a pred product line that is of interest to the plaintiff. This is particularly an issue when a company produo some products or services for a price-competitive market while other products or services arees duced for a governmental unit on a cost-plus or reimbursement basis. Nursing Care Inc., or NCI, operates both a small nursing home and retirement home. Thre i single kitchen used to provide meals to both the nursing home and retirement home, meaning lab costs and utilities costs of the kitchen are shared by the two homes. There is also a centralized cles ing department that provides the cleaning services for both homes as well as the kitchen. The nursine home serves only indigent patients…Which of the following costs is relevant in deciding whether to accept a bid to sell obsolete items remaining in inventory? A .Direct materials cost of producing the units B. Engineering costs for design of the units C. Shipping costs D. Product-testing costs
- Which of the following is not an advantageous reason to reduce inventories? a. Inventories provide a competitive advantage. b. Inventories can invite overproduction. c. Inventories are expensive to maintain. d. Inventories may conceal problems. e. All of these are good reasons to reduce inventories.Centennial Company developed a trademark to distinguish its products from those of the competitors. Through advertising and other means, the entity is seeking to establish significant product identification to increase future sales. The similarity between the trademark costs and other intangible and operating costs has caused some confusion over proper accounting. The following items are being treated as part of the cost of the trademark: Marketing research to study consumer tastes Design costs of trademark Legal fees of registering trademark Advertising to establish recognition of trademark Registration fee with Patent Office 400,000 1,500,000 150,000 200,000 50,000 What is the initial cost of the trademark?Which of the following describe the relevant information for decision making: Select one: O a. Help suppliers to choose which product to supply O b. Doesn't vary with the action taken O c. Focus on the past only O d. Relevance of information depends on types of decision