Simon Cereal Purchased 100 Pounds of Cornflakes for $100

question 42

Multiple Choice

Simon Cereal purchased 100 pounds of cornflakes for $100. Transportation cost to Simon's production facility was $25 for the barrel of cornflakes shipped FOB destination. Simon paid $60 for 100 one-pound biodegradable plastic bags into which the cornflakes were placed. The cost of each one-pound bag of cornflakes is:

• A)$1.00.
• B)$1.25.
• C)$1.60.
• D)$1.75.

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Definitions:

More Extreme

The phenomenon where group discussions lead to decisions and opinions that are more extreme than the initial positions of the members.

Obedience to Authority

The act of following orders or directions from individuals in positions of power, often explored in social psychology to understand compliance and conformity behaviors.

Psychiatrists Predicted

Psychiatrists made forecasts based on their professional understanding of mental health conditions and trends.

Authority Figures

Individuals who hold positions of power or influence, often seen as leaders or specialists, and have the ability to affect others' behaviors or thinking.