When Cost-Based Pricing Is Employed and Mark Up Is Based

question 24

Multiple Choice

When cost-based pricing is employed and mark up is based on manufacturing costs, the mark up must be sufficiently large enough to:

• A)cover selling expenses.
• B)cover administrative expenses.
• C)provide for the desired profit.
• D)accomplish all of the above.

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Definitions:

Person-Situation Debate

A discourse in psychology that questions whether behavior is primarily influenced by personality traits or situational factors.

Walter Mischel

An American psychologist known for his research on personality and his critique of the idea that behavior is consistent across different situations.

Gordon Allport

An American psychologist regarded as one of the founding figures of personality psychology.

Sigmund Freud

An Austrian neurologist who founded the discipline of psychoanalysis and developed theories about the unconscious mind, defense mechanisms, and psychosexual stages.