Refer to Scenario 9

question 109

Multiple Choice

Refer to Scenario 9.10 below to answer the question(s) that follow.
SCENARIO 9.10: Investors put up $1,040,000 to construct a building and purchase all equipment for a new cafe. The investors expect to earn a minimum return of 10 percent on their investment. The cafe 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 $2,000 in other fixed costs. Variable costs include $2,000 in weekly wages, and $600 per week in materials, electricity, etc. The cafe charges $6 on average per meal.
-Refer to Scenario 9.10. In the short run, if the cafe shuts down, it will ________ variable costs and ________ revenue.

• A) have; receive
• B) have; receive no
• C) have no; receive
• D) have no; receive no

Analyze the ethical considerations and implications surrounding persuasion in personal and professional contexts.

Understand the crucial role of audience participation and engagement in the outcome of persuasive efforts.

Explore the impact of scarcity and the principle of liking in motivating individuals.

Comprehend the significance of framing and its ability to alter perception and decision-making in persuasive contexts.

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Definitions:

Conflict

A situation or process in which individuals or groups have incompatible goals, interests, or values.

Advertisements

Promotional messages or materials designed to inform or persuade potential customers about a product, service, or idea.

Vietnam

A country in Southeast Asia known for its rich history, varied landscapes, and vibrant culture.

Theoretical Connections

The links or relationships made between various theories and concepts to enhance understanding or provide a framework for analysis.