Refer to Scenario 9

question 274

Multiple Choice

Refer to Scenario 9.9 below to answer the question(s) that follow.
SCENARIO 9.9: Sponsors invest $250,000 in a new greeting card business on the promise that they will earn a return of 10% per year on their investment. The business sells 52,000 greeting cards per year. The fixed costs for the business include the return to investors and $79,000 in other fixed costs. Variable costs consist of wages ($1,000 per week) plus materials, electricity, etc. ($3,000 per week) . The business is open 52 weeks per year.
-Refer to Scenario 9.9. The profit for the business is ________ when the average price per greeting card is $7.50.

• A) $78,000
• B) $182,000
• C) $286,000
• D) $311,000

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Definitions:

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.

Freedom Of Conscience

The right to follow one's own beliefs in matters of religion and morality without coercion or reprisal.

Moral-Rights View

The perspective that decisions should be based on ethical principles or standards, respecting individuals' rights and welfare.