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A Local Country Club Has a Membership of 600 and Operates

question 114

Multiple Choice

A local country club has a membership of 600 and operates facilities that include an 18-hole championship golfcourse and 12 tennis courts. Before deciding whether to accept new members, the club president would like toknow how many members regularly use each facility. A survey of the membership indicates that 61% regularlyuse the golf course, 45% regularly use the tennis courts, and 3% use neither of these facilities regularly. Whatpercentage of the 600 use at least one of the golf or tennis facilities?

Understand the differences among various data presentation methods, including pie charts, bar charts, and line charts.

Appreciate the importance of reader-centric communication in business documents.

Recognize the necessity of a formal tone in specific business documents, while also understanding exceptions.

Understand the structure and components of long reports, including executive summaries and their purposes.

Definitions:

Perfectly Competitive

A market structure characterized by infinite buyers and sellers, no barriers to entry, and perfect information, resulting in an efficient market.

Profit Equals Zero

The condition where profit equals zero, also known as the break-even point, is where a business's revenues exactly match its total costs, resulting in neither profit nor loss.

Cournot Duopoly

Cournot Duopoly is a market structure where two firms control the market and compete on output levels, assuming the other's output is fixed while deciding their own.

Price

The sum of money needed to buy a product or service.