Find the Minimum or Maximum of the Quadratic Function

question 39

Multiple Choice

Find the minimum or maximum of the quadratic function:

• A) Minimum: 5
• B) Maximum: -3
• C) Minimum: 1
• D) Minimum: 11
• E) Minimum: 3

---

Definitions:

Finished Goods Inventory

Items in stock that are completed and ready for sale, representing one of the stages in the production inventory.

Variable Costing

A costing method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed manufacturing overhead from product cost calculations.

Net Operating Income

The income generated from normal business operations after deducting operating expenses such as wages and cost of goods sold, excluding income from investments and other non-operational sources.

Variable Costing

An accounting method that only considers variable costs (costs that change with production levels) in product costing and decision-making.