Table 18-1

question 409

Multiple Choice

Table 18-1.The table displays data for a small,competitive,profit-maximizing firm that produces and sells envelopes.The time frame is one week.

-Refer to Table 18-1.Suppose the firm sells each box of envelopes that it produces for $7.Suppose also that the firm's fixed costs amount to $400.How many workers should the firm hire in order to maximize profit,and what is the maximum profit?

• A) The firm should hire 2 workers;its maximum profit is $80.
• B) The firm should hire 2 workers;its maximum profit is $96.
• C) The firm should hire 3 workers;its maximum profit is $96.
• D) The firm should hire 3 workers;its maximum profit is $124.

Identify the factors contributing to quality of work life (QWL) and the impact of organizational roles on it.

Recognize the significance of organizational structuring and its impact on performance and accountability.

Understand the importance of aligning manager roles and functions to achieve organizational efficiency and effectiveness.

Understand the concept of an emergency fund and how to calculate the appropriate amount.

---

Definitions:

Long-Term Borrowing

Debt obtained by a company for a period exceeding one year, typically used for financing more substantial investments or projects.