Which of the Following Is a Question That Needs to Be

question 122

Multiple Choice

Which of the following is a question that needs to be answered with normative economic reasoning?

• A) Should the college reduce tuition to stimulate enrollment?
• B) If the college increases tuition, would class size decline?
• C) If the college offers free parking for students, will more students drive to campus?
• D) If the college provided more financial aid assistance, would more students benefit?

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Definitions:

Equipment Services Department

A division within a company that is responsible for the maintenance, repair, and management of physical assets and equipment.

Direct Labor-hours

The comprehensive total of hours that staff directly participates in manufacturing.

Variable Maintenance Costs

Expenses for upkeep that fluctuate with the level of operational activity or usage of equipment.

Fabrication

The process of constructing or manufacturing an item from raw or semi-finished materials.