Refer to Scenario 9

question 144

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. In the long run, the restaurant will want to

• A) operate and expand.
• B) operate but not expand.
• C) shut down but not go out of business.
• D) go out of business.

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Definitions:

Gender

The variety of traits that distinguish between male and female identities, typically influenced more by societal and cultural distinctions than by biological factors.

Women of Color

A term used to describe females of non-white racial or ethnic backgrounds, often highlighting their experiences and struggles with racism and sexism.

Second Wave

Refers to the second wave of the feminist movement, which took place during the 1960s to 1980s, focusing on issues such as equality in the workplace, reproductive rights, and legal inequalities.

Feminist Activists

Individuals who advocate for and work towards equal rights and opportunities for women, often focusing on issues such as gender equality, reproductive rights, and combating gender-based violence.