Which of the Following Scenarios Best Outlines the Concept of Interest

question 10

Multiple Choice

Which of the following scenarios best outlines the concept of interest convergence?

• A)Lobbyists advocate for positions that help their constituency.
• B)Lobbyists lobby for causes that they think is a good idea.
• C)Lobbyists advocate for causes that their constituency supports the most.
• D)Lobbyists lobby for causes that they dislike for the sake of their constituency.
• E)Lobbyists advocate for causes that their constituents support, but benefit them personally.

Distinguish between markup based on selling price and markup based on cost.

Calculate the selling price of products given the cost and markup percentage.

Calculate the cost of products given the selling price and markup percentage.

Solve real-world business problems involving markup on cost and selling price.