The Management of Woznick Corporation Has Been Concerned for Some

question 111

Multiple Choice

The management of Woznick Corporation has been concerned for some time with the financial performance of its product V86O and has considered discontinuing it on several occasions. Data from the company's accounting system for this product for last year appear below: In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $30,000 of the fixed manufacturing expenses and $13,000 of the fixed selling and administrative expenses are avoidable if product V86O is discontinued.What would be the financial advantage (disadvantage) from dropping product V86O?

• A) ($35,000)
• B) ($5,000)
• C) $35,000
• D) $5,000

Grasp the role of heredity and environment in determining intelligence.

Understand the implications of intellectual disabilities and their common causes.

Recognize the historical and contemporary approaches to measuring intelligence, including debates around validity and methodological issues.

Grasp the impact of societal trends and changes on intelligence test performance over time (e.g., the Flynn effect).

---

Definitions:

Economic Profit

The divergence between overall financial returns and comprehensive expenses, integrating both apparent and implied costs.

Long Run

In economics, a period in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced, representing the cost per unit of output.

Total Revenue

The complete sum of funds a company acquires from selling goods or offering services over a specified time period.