The Marketing Department at Hi- Fi Electronics Has Determined That

question 73

Multiple Choice

The marketing department at Hi- Fi Electronics has determined that there is a demand for a new small appliance which would likely sell for $36. Hi- Fi Electronics currently produces a similar product for $38, using a full cost approach. Hi- Fi Electronics would like to earn a 20% profit on the new appliance. The target cost of the new appliance is:

• A) $28.80
• B) $38.00
• C) $36.00
• D) $30.00

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Definitions:

Hans Eysenck

A British psychologist known for his theories on personality and intelligence, emphasizing genetics over environment.

Neurological Functioning

Refers to the proper operation of the nervous system, including the brain, spinal cord, and peripheral nerves, which enables thought, behavior, and bodily functions.

Big Five Personality Traits

A model outlining five broad dimensions of human personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Conscientiousness

A personality trait characterized by organization, dependability, discipline, and a strong sense of duty.