Enterprise boundaries and economic data

Review questions

Enterprise boundaries and economic data

An enterprise boundary comes before addition. Fix the unit, season and sale point, then separate observed prices from assumptions. Record source, measurement date, accepted and missing quantity; reconcile entry and exit weights before valuing output. Link inputs to the record owner, and state what can change the decision and what needs verification.

Review questions

Test your understanding with these questions. Marking and saved results are available with a free account.

  1. Question 1A farm grows tomatoes and sends part of the harvest to an independently run paste workshop. The manager wants to compare fresh tomato sales at the farm gate with fresh cucumber sales at the same point. Which boundary serves that decision?
  2. Question 2A weekly store opens at zero, receives 20 tonnes, sells 14, transfers 3 and documents 1 tonne spoiled. What book balance should appear before counting stock?
  3. Question 3A tomato crate is quoted at 24 units and contains 12 net kilograms of product. What is the comparable price per product kilogram at the same delivery point?
  4. Question 4An irrigation-cost cell is blank and the pump-operation invoice has not arrived. What is the sound provisional treatment?
  5. Question 5Option A has margin 4,000 and needs 650 cubic meters of water; B has margin 3,500 and needs 500. Only 600 cubic meters are available. What is the first decision-brief finding?