DeMarcus Has Been General Manager of the Surf and Turf

question 79

Multiple Choice

DeMarcus has been general manager of the Surf and Turf Club restaurant for many years and always schedules extra staff for the busy Friday night shift. Business has been consistently slow on Fridays in recent months, but DeMarcus decides to continue with the extra staffing. His decision demonstrates

• A)confirmation bias.
• B)dialectical inquiry.
• C)groupthink.
• D)representativeness bias.
• E)illusion of control.

Calculate and interpret the contribution margin and the contribution margin ratio.

Analyze the relationship between fixed, variable, and total costs in determining profitability.

Understand the impact of sales mix on profitability and break-even analysis.

Analyze cost-volume-profit relationships to solve business problems.

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Definitions:

Obsessed

Exhibiting an overwhelming or unhealthy fixation or preoccupation with a particular subject, activity, or person.

Defacing Billboards

The act of vandalizing or altering billboards in a way that changes their original appearance or message.

Anticonsumption

The deliberate opposition to or rejection of consumerism and the excessive purchasing of goods or services.

Shrinkage

The loss of inventory that can occur due to theft, damage, or error, representing a discrepancy between recorded stock and actual physical inventory.