Suppose Larry's Lariats Produces Lassos in a Factory, Using Nine

question 26

Multiple Choice

Suppose Larry's Lariats produces lassos in a factory, using nine feet of rope to make each lasso. The rope is put into a machine that automatically cuts it to the right length and seals the ends to prevent fraying. The rope is then hand tied, dipped, and wound before being placed in a packaging machine to prepare it for retail sale. Which of the following expenses would be considered a variable cost for this company?

• A)The cost of the factory
• B)Employee wages
• C)The rope-cutting machine
• D)All of these expenses are variable costs.

---

Definitions:

Twin Studies

Research involving the comparison of monozygotic (identical) and dizygotic (fraternal) twins to explore the relative contribution of genetics and environment to various traits and disorders.

Hofstede's Dimensions

A framework for cross-cultural communication, developed by Geert Hofstede, that describes the effects of a society's culture on the values of its members, and how these values relate to behavior, using a structure derived from factor analysis.

Assertive and Competitive

Pertaining to a behavioral style that involves confidently standing up for one's own rights and goals while striving to win or be successful in situations.

Cultural Research

Pertains to the study of cultural practices, beliefs, and artifacts across different societies to understand human behavior, social structures, and cultural variations.