It Is Time for the Ramirez Family to Plan Its

question 169

Multiple Choice

It is time for the Ramirez family to plan its annual vacation.The father wants to stay home this year and use the vacation money to work on the house.The paternal grandmother who lives with them wants to visit relatives in New York.The father asks his mother to determine how much a trip to New York would cost the family and if they could stay with relatives while they were there.The mother and the daughter Mary want to go to the beach.Which of the following sentences best describes the roles each family member played in making this decision?

• A)There is no family member serving as an information gatherer.
• B)The only role played by the mother and the grandmother is influencer.
• C)The females in the family only play two roles-users and influencers.
• D)Since the father will make the final vacation decision,he has taken on all of the roles.
• E)The grandmother plays the roles of user,influencer,and information gatherer.

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Definitions:

Variable Cost

Costs that change in proportion to the good or service that a business produces.

Profit

The financial gain obtained when the revenue from selling goods or services exceeds the total cost of producing them.

Fixed Costs

Costs that remain constant regardless of a business's operational levels, including rent, salaries, and loan repayments.

Break-Even Point

The point at which total costs and total revenues are equal, resulting in no gain or loss for the business.