The Above Table Provides the Probability Distribution of Price of an Input

question 9

Multiple Choice

The above table provides the probability distribution of price of an input next year in Country A and Country B.
-Refer to the table above. Because the extent of variation in the price of the input is _______in Country B compared to Country A, it is less risky to plan to purchase the input in Country .

• A)greater; B
• B)greater; A
• C)lower; B
• D)lower; A

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenues.

Responsibility Center

A unit within an organization, such as a department or division, accountable for controlling costs, generating revenues, or managing assets.

Profit Center

A separate business unit or department within a company that is responsible for generating its own revenue and profit.

Cost Center

A department within a company that does not directly add to profit but still incurs costs, such as the customer service department.