Case-Based Critical Thinking Questions Case 1-2 Kade Is Writing a Cover

question 73

Multiple Choice

Case-Based Critical Thinking Questions Case 1-2 Kade is writing a cover letter that he will send with copies of his resume to different software development firms. Since a cover letter determines the first impression he will make, it has to be flawless. He has finished typing the letter but must stop to go to an evening class. He quickly saves it and exits Word 2013. In his work on the letter, Kade inserts a sentence, then changes his mind and deletes the sentence using the Cut command. He then changes his mind again and _______.

• A) clicks the Undo button to undo the delete
• B) clicks the Redo button to insert the sentence again
• C) clicks the Restore Text button to insert the picture again
• D) inserts the sentence again using the same method he used to insert it the first time

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Definitions:

Variable Cost

Costs that vary directly with the level of production or with volume of output.

Inelastic Demand

A market situation where the demand for a product does not significantly change with a change in its price.

Elastic Demand

A situation in which the demand for a product is sensitive to price changes, meaning that a small change in price results in a large change in the quantity demanded.

Fixed Cost

Costs that do not vary with the level of production or sales activities, such as rent or salaries.