$$\text { Use the following information for questions } 37 - 38 \text {. }$$

question 32

Multiple Choice

$$\text { Use the following information for questions } 37 - 38 \text {. }$$
Eminen Music produces 60,000 blank CDs on which to record music.The CDs have the following costs:
$$\begin{array} { l l } \text { Direct Materials } & \$ 11,000 \\\text { Direct Labour } & 15,000 \\\text { Variable Overhead } & \mathbf { 3 } , 000 \\\text { Fixed Overhead } & 7,000\end{array}$$
-Eminem could avoid $4,000 in fixed overhead costs if it acquires the CDs externally.If cost minimization is the major consideration and the company would prefer to buy the 60,000 units externally, what is the maximum external price that Eminem would expect to pay for the units?

• A)$32,000
• B)$29,000
• C)$36,000
• D)$33,000

Describe the significance of material facts in the context of contract law.

Understand the principles of mistake of value versus mistake of fact in contract disputes.

Understand the steps and components of the customer relationship management (CRM) process.

Identify techniques and tools for analyzing customer data to enhance customer relationships.

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Definitions:

Bowling

A sport or leisure activity in which a player rolls or throws a bowling ball towards pins or another target.

Billiards

A cue sport that encompasses a wide variety of games involving pool tables, cue sticks, and balls, where players strike balls to score points based on game-specific rules.

Limited Resources

The finite availability of inputs (like labor, capital, and land) that are used for the production of goods and services.

Economics

A branch of social science that examines the methods by which people, governmental bodies, corporations, and states allocate finite resources to meet their infinite needs.