Louise Corp

question 100

Multiple Choice

Louise Corp.has a contribution margin ratio of 35%,fixed costs of $60,000,and a profit of $45,000.What are total sales?

• A)$300,000
• B)$105,000
• C)$36,750
• D)$171,429

Recognize the role of public goods and the problem of underproduction in a free-market economy.

Identify the importance of externalities and their impact on market efficiency.

Comprehend the significance of imperfect information in market transactions.

Understand the mechanisms through which market failures can be corrected.

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Definitions:

Private Organizations

Entities that operate independently of government control, often focusing on providing goods or services for profit.

Chain of Command

A hierarchical structure within an organization that outlines the authority and communication flow from top-level executives to lower-level employees.

Historical Perspective

The understanding or interpretation of events, facts, or phenomena in the context of their historical development.

Henri Fayol

A French engineer and management theorist best known for developing a general theory of business administration and establishing the 14 principles of management.