Refer to Scenario 9

question 245

Multiple Choice

Refer to Scenario 9.3 below to answer the question(s) that follow.
SCENARIO 9.3: 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 per cent 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 $5 on average per meal.
-Refer to Scenario 9.3. The normal return to the investors on a weekly basis is

• A) $600.
• B) $1,000.
• C) $3,600.
• D) $4,500.

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Definitions:

Causes

Factors or conditions that bring about or significantly contribute to the occurrence of an event, behavior, or condition.

Status

A social or professional position, standing, or rank of an individual or entity within a society or organization.

Shaming

A social process of expressing disapproval aimed at inducing remorse in the person being shamed and discouraging deviant behavior.

Control Theorists

Scholars who focus on theories explaining how social control mechanisms reduce or prevent deviant behavior, emphasizing the importance of societal bonds.