Joint costs are . Multiple choice question. economically attributable to all end products irrelevant in decisions regarding what to do with a product after split-off common costs that must be allocated to make decisions about the individual products increased or decreased after the split-off point

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.