Question 6 (Q7) Match each of the following terms with the phrase that most closely describes...

Question 6 (Q7)

Match each of the following terms with the phrase that most closely describes it. Each answer may be used only once.

	1.	Noncontrollable costs
	2.	Opportunity costs
	3.	Supply Chain Management systems
	4.	Sunk costs
	5.	Customer Relationship Management systems
	6.	Variable costs
	7.	Budgets
	8.	Controllable costs
	9.	Direct costs
	10.	Fixed costs
	11.	Incremental costs
	12.	Indirect costs
	13.	Enterprise Resource Planning system

Costs that increase or decrease in total in response to increases or decreases in the level of business activity
Costs that are directly traceable to a product, activity, or department
Costs that a manager can influence
The difference in costs between decision alternatives
Costs incurred in the past that are not relevant to present decisions
Costs that cannot be influenced by a manager
Financial plans prepared by management accountants
Value of the benefits forgone when one decision alternative is selected over another
Costs that cannot be directly traced to a product, activity, or department, or are not worth tracing
Costs that do not change in total with changes in the level of business activity
Systems that prepare a master production schedule and provide support across various other departments of the company
Allows companies and suppliers to share information to improve efficiency in getting inputs
Allows customer data analysis and support, often in online format for customers

Expert Solution

Note: No explanations have been provided in the answer below since once we map the options to the question given, question options themselves become the explanation for the answer.

Question Items	Answer Options
A. Costs that increase or decrease in total in response to increases or decreases in the level of business activity	6. Variable Costs
B. Costs that are directly traceable to a product, activity, or department	9. Direct Costs
C. Costs that a manager can influence	8. Controllable Costs
D. The difference in costs between decision alternatives	11. Incremental Costs
E. Costs incurred in the past that are not relevant to present decisions	4. Sunk Costs
F. Costs that cannot be influenced by a manager	1. Noncontrollable Costs
G. Financial plans prepared by management accountants	7. Budgets
H. Value of the benefits forgone when one decision alternative is selected over another	2. Opportunity Costs
I. Costs that cannot be directly traced to a product, activity, or department, or are not worth tracing	12. Indirect Costs
J. Costs that do not change in total with changes in the level of business activity	10. Fixed Costs
K. Systems that prepare a master production schedule and provide support across various other departments of the company	13. Enterprise Resource Planning System
L. Allows companies and suppliers to share information to improve efficiency in getting inputs	3. Supply chain management systems
M. Allows customer data analysis and support, often in online format for customers	5. Customer Relationship management systems

ekkarill92 answered 2 years ago

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