If an Organization Wants to Make a Profit, It Must

question 134

Multiple Choice

If an organization wants to make a profit, it must generate more sales revenue than the total costs it incurs.This relation can be expressed using which of the following profit equations?

• A)Operating income = [(Sales price per unit - Variable cost per unit) × # units sold] - Fixed cost
• B)Operating income = [Sales price per unit - Fixed cost per unit) × # units produced] - Variable cost
• C)Operating income = Sales revenue - Total variable costs - Discretionary costs
• D)Operating income = Sales revenue - Committed costs - Fixed costs

Apprehend the significance of comparative cognition and cross-cultural research in psychology.

Understand the historical development and foundational concepts of intelligence testing.

Recognize the standard requirements for any scientifically acceptable test: standardization, reliability, and validity.

Distinguish between various intelligence tests and their unique contributions and limitations.

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Definitions:

Articulate

In anatomy, to articulate is to form a joint where two bones are attached in a manner that allows movement.

Transverse Processes

Lateral bony projections from the vertebrae in the spine, to which muscle and ligaments attach, helping in movement and stability.

Thoracic Cage

The bony and cartilaginous structure forming the skeleton of the chest, including ribs, sternum, and thoracic vertebrae, protecting vital organs.

Ribs

A series of curved bones that form the protective cage around the chest, supporting the upper body and protecting vital organs.