Which of the Following Is the Value for the Product

question 21

Multiple Choice

Which of the following is the value for the product of (1.362 × 10⁵) (8.5 × 10⁶) , with the correct number of significant figures?

• A)1.1577 × 10¹²
• B)1.158 × 10¹²
• C)1.16 × 10¹²
• D)1.2 × 10¹²

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Definitions:

Firm Charges

Fees or charges that a company puts in place for its services or products, often structured around cost-recovery or profit-making objectives.

Two-Part Tariffs

A pricing strategy where the cost to a customer consists of a fixed fee plus a variable charge based on usage or quantity purchased.

Volume Based

A pricing or discount strategy where the cost depends on the quantity of goods purchased or produced.

Quantity Discounts

A pricing strategy where the price per unit of an item decreases as the quantity purchased increases, used to encourage larger orders.