Given the Following Information, What Is the Degree of Operating

question 365

Multiple Choice

Given the following information, what is the degree of operating leverage? Price = $40 per unit; variable cost = $20 per unit; fixed costs = $95,000 per year; depreciation = $35,000 per year; sales = 10,000 units per year. Ignore tax effects.

• A) 0.9
• B) 1.3
• C) 1.5
• D) 1.9
• E) 2.4

Differentiate between employees, gratuitous agents, and independent contractors within the context of agency law.

Appreciate the significance of agency law for business operations and contracts.

Distinguish the concept of authority and its different forms in an agency relationship.

Understand the role and effects of geometric tolerancing in technical drawings.

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Definitions:

Correlational Result

A statistical outcome indicating the degree to which two or more variables fluctuate together, but without implying causation between them.

Ganzfeld Procedure

An experimental technique used in parapsychology to test individuals for extrasensory perception (ESP) by creating a uniform sensory field to increase signal detection.

Extrasensory Perception

Refers to the claimed ability to gain information through means other than the known human senses.

Homeopathic

A system of alternative medicine based on the principle that like cures like, using highly diluted substances that cause, in healthy people, symptoms similar to those being treated.