Kane Ltd Found Its Maintenance Cost and Sales Revenues to Be

question 30

Multiple Choice

Kane Ltd. found its maintenance cost and sales revenues to be somewhat correlated. Last year's high and low observations were as follows: $$\begin{array} { c c } \text { Maintenance Cost } & \text { Sales } \\£ 36,000 & £ 400,000 \\£ 42,000 & £ 600,000\end{array}$$ What is the fixed portion of the maintenance cost?

• A)£24,000
• B)£42,000
• C)£30,000
• D)£12,000

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Definitions:

LaPiere

A reference to Richard LaPiere, a sociologist known for his studies on attitudes and social behaviors, particularly regarding prejudice and discrimination.

Correspondence

In communication, it refers to the exchange of messages or information between two or more parties either through speaking, writing, or using some other medium.

Attitudes And Behaviour

The study of the relationship between people's evaluative orientations and their actions, emphasizing how attitudes can influence or predict behavior.

Perceived Behavioural Control

An individual's belief about the ease or difficulty of performing a particular behavior, influenced by the resources and obstacles anticipated.