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- ASSIGNMENT FIVEa) Describe the features of a perfect market and explain the difference between Allocational Efficiency, Pricing Efficiency and Operational Efficiency in your own simple terms. b) Describe the difference benchmarks that can be used for ratio analysis.D4) Analyze the following statement: When purchasing power parity really holds, comparative advantage becomes the only important criteria in choosing a production location. Explain in detail what this means, if it is true, and what other potential criteria can be used.ANSWER TRUE OR FALSE Transfer prices can be used to promote goal congruence among operating segments of an organization. In computing a transfer price, the maximum price should be no higher than the lowest market price at which the buying segment can obtain the good or service externally. In computing a transfer price, the maximum price should be no higher than the highest market price at which the buying segment can obtain the good or service externally. In computing a transfer price, the minimum price should be no lower than the incremental costs associated with the goods plus the opportunity cost of the facilities used. One of the main factors to consider when using a cost-based transfer price is whether to use actual or standard costs. When using a negotiated transfer price, a decision must be made which market price to use. When using a market-based transfer price, a decision must be made which market price to use. When using a market-based transfer…
- A transfer pricing arrangement that uses the price that would be charged to an external customer is a______. A. market-based approach B. negotiated approach C. cost approach D. decentralized approachA transfer pricing structure that considers the opportunity costs of selling to internal rather than external customers uses_______. A. the cost approach B. the general transfer pricing approach C. the market-based approach D. the opportunity cost approachCost-volume-profit analysis is useful for Question 8 options: 1) helping managers to answer "what-if" questions. 2) implementing a differentiation strategy. 3) eliminating uncertainty about external factors, such as interest rates. 4) for long-range planning. 5) assigning costs to products.
- Today’s business environment is characterized by a. global competition. b. time-based competition. c. a shift toward a service economy. d. Items a, b, and c are correct.When companies are price-setters, their products and services a. are priced by managers using a target-pricing emphasis. b. tend to have a lot of competitors. c. tend to be commodities. d. tend to be unique.QUESTION 28 Which of the following is not a reason for cost allocation? A. Maximization of direct cost efficiency B. Cost-based reimbursement C. Cost determination of product or service D. Cross-department monitoring
- The primary objective of a transfer pricing system/scheme/policy is to motivate segment managers to make decisions that are aligned with the overall goals of the company. True or False2. Transfer prices can be based on any of the following methods except a)variable cost b)replacement cost c)negotiated price between selling and buying divisions d)external market price e)variable and fixed costs3c). By reference to above data, how can a company effectively use CVP analysis to make strategic decisions about product pricing and product levels.?