Javier Is the Business Manager at His College

question 66

Multiple Choice

Javier is the business manager at his college. In his role, Javier makes a lot of business decisions. Javier has installed a vending machine in a dorm for soft drinks. The machine rents for $200 a month and the electrical use is minimal. Javier buys soft drinks for $.25 each and charges $.75 each from the vending machine. Currently, the machine has a sales volume of 400 cans a month. Javier thinks lowering the price to $.60 each will increase sales by 100 cans a month. What affect will this have on profit or loss?

• A) Loss of $25
• B) Loss of $100
• C) Profit of $100
• D) Profit of $200

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Definitions:

Branding

A company’s efforts to help existing and prospective workers understand why it is a desirable place to work.

Skill Inventories

Files of personnel education, experience, interests, and skills that allow managers to quickly match job openings with employee backgrounds.

Succession Planning

The process of identifying, developing, and tracking key individuals for executive positions.

Realistic Job Previews

A technique used in recruitment that provides potential employees with a clear and accurate understanding of what a particular job entails before they decide to apply or accept a position.