Refer to Scenario 9

question 169

Multiple Choice

Refer to Scenario 9.5 below to answer the question(s) that follow.
SCENARIO 9.5: Investors put up $520,000 to construct a building and purchase all equipment for a new restaurant. The investors expect to earn a minimum return of 10 percent on their investment. The restaurant is open 52 weeks per year and serves 900 meals per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly) . Included in the fixed costs is the 10% return to the investors and $1,000 per week in other fixed costs. Variable costs include $1,000 in weekly wages and $600 per week for materials, electricity, etc. The restaurant charges $3 on average per meal.
-Refer to Scenario 9.5. Weekly total revenue is

• A) $1,600.
• B) $2,000.
• C) $2,700.
• D) $3,600.

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Definitions:

Personality

A mixture of traits and attributes that create a person's unique personality, affecting their actions, feelings, and thinking processes.

Phallic Stage

A phase in Sigmund Freud's theory of psychosexual development, occurring from ages three to six, where the libido’s focus is on the genital organs.

Penis Envy

A controversial psychoanalytic theory proposed by Freud that suggests girls experience anxiety and feelings of inferiority upon realizing they do not have a penis.

Promiscuous

Describes someone who has many casual sexual partners or engages in sexual activities with a variety of partners without seeking emotional connection.