An Example of Peak Pricing Is Charging

question 58

Multiple Choice

An example of peak pricing is charging

• A)more for long-distance phone calls in the daytime.
• B)less for electricity at night.
• C)more for public transportation in rush hours.
• D)All of the above are true.

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Definitions:

Planning Budget

A budget created for a specific level of activity, usually projected at the beginning of a planning period as a guide for income, spending, and capital investment decisions.

Personnel Expenses

Costs incurred by a business related to employing staff, including wages, benefits, training, and other related expenses.

Client-Visits

The number of times clients or customers visit a business or service provider within a given time period.

Planning Budget

A budget prepared for a specific level of activity; it may be adjusted as activity levels change.