Homer's Holesome Donuts Has Determined That Its Profit-Maximizing Quantity Is

question 420

Multiple Choice

Homer's Holesome Donuts has determined that its profit-maximizing quantity is 10,000 donuts per year. Homer's earns $12,000 in revenue from the sale of those donuts. Homer's has two costs. First he pays $16,000 in annual rental payments for its five-year lease on its store. Second Homer incurs an additional cost of $5,000 for ingredients. Homer's fixed cost is equal to

• A) 0.
• B) $5,000.
• C) $16,000.
• D) $21,000.

Describe the principles of reinforcement theory, including types of reinforcement schedules.

Recognize the role of intrinsic and extrinsic motivation and their effects on employee behavior and performance.

Identify Maslow's hierarchy of needs and its application to employee motivation.

Understand the principles of equity theory and its application in the workplace.

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Definitions:

Meta-Analysis

A statistical technique that combines the results of multiple scientific studies to arrive at a conclusion about an overall body of research.

Big Five Factors

A widely endorsed model of personality that outlines five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

A personality trait characterized by thoroughness, carefulness, and the desire to do things well.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, irritability, and sadness.