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At break-even point a company sells 1200 widgets. Its selling price is $6 per widget variable cost is $2 per widget and its fixed cost is $4 per widget.
Instructions
If it sells 200 additional widgets determine the company's incremental profit.
Likert Scale
A psychometric scale commonly used in questionnaires to gauge attitudes or responses, where participants indicate their level of agreement with a statement along a linear scale.
Contrast Error
An error in performance appraisals where an employee's evaluation is based on a comparison with another employee rather than on individual performance criteria.
Graphic Rating Scales
A method used in performance appraisals where employees are rated on a scale to evaluate their work performance.
Maintenance Stage
a phase in the life cycle of a product, service, or system where the focus is on sustaining performance through regular upkeep and repair.
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