Use the Following to Answer Question

question 147

Multiple Choice

Use the following to answer question:
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats.The marginal cost of producing a hat is $18.If the Saints increase the number of hats they sell from 4 to 5,marginal revenue is:

• A)$20.
• B)$22.
• C)$8.
• D)$12.

Recognize the different approaches to problem prevention and correction, including feedforward, concurrent, and feedback control.

Appreciate the role of benchmarks and best practices in organizational performance improvement.

Analyze the relationship between control systems and organizational strategy.

Understand the impact of technology and innovation on organizational control and performance.

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Definitions:

ERISA

The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.

Vested

A term used to describe the point at which an employee has earned the right to keep all their benefits, often from retirement plans, regardless of their employment status with the company.

Tax Advantages

Financial benefits gained through the application of tax laws that reduce the amount of tax a person or company owes, often used to encourage certain activities or investments.

Domestic Partners

Two individuals who live together and share a domestic life but are not married to each other.