A New Product Will Sell in the Market for $12

question 78

Multiple Choice

A new product will sell in the market for $12.It costs $7 (unit variable cost) to manufacture on a new lathe machine.If the break-even quantity is 10,000 units,what is the annual fixed cost involved in acquiring the machine and in paying other fixed costs?

• A) Less than $40,000
• B) Greater than $40,000 but less than or equal to $55,000
• C) Greater than $55,000 but less than or equal to $70,000
• D) Greater than $70,000

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Definitions:

Distributive Justice

The perceived fairness of how rewards and benefits are distributed among members of a group or society.

Equitable Policy

A policy that aims to ensure fairness and justice within the procedures, processes, and distribution of resources by an organization or government.

Moral-Rights View

Considers ethical behaviour as that which respects and protects the fundamental rights of people.

Organisational Protection

Measures and strategies implemented to safeguard an organization's assets, reputation, and well-being from potential threats.