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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is replacement analysis?
💡 Hint: Think about the main goal of financial decision-making.
Question 2
Easy
Define sunk cost.
💡 Hint: Consider costs in terms of past investments.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the main goal of replacement analysis?
💡 Hint: Think about the objectives outlined in the lecture.
Question 2
True or False: Sunk costs should influence current investment decisions.
💡 Hint: Reflect on why past expenses shouldn't sway current choices.
Solve 2 more questions and get performance evaluation
Push your limits with challenges.
Question 1
A construction company owns an excavator with increasing maintenance costs. Given its resale value of $50,000 and annual operating costs increasing by $2,000, what factors should be analyzed to determine if they should replace or keep the excavator?
💡 Hint: Think about costs over time and should factor in potential savings and efficiency from newer machinery.
Question 2
Analyze a scenario where a firm must evaluate two competing machines for replacement. One has operational costs that rise sharply as it ages, while the other has stable costs. How does this affect your choice?
💡 Hint: Assess long-term trends in operations costs versus initial investment.
Challenge and get performance evaluation