Cost-Plus Pricing May Be a Reasonable Way to Determine Price

question 35

Multiple Choice

Cost-plus pricing may be a reasonable way to determine price when

• A)marginal cost and average fixed cost are roughly equal.
• B)marginal cost and average cost are about the same.
• C)marginal cost differs significantly from average cost.
• D)marginal cost is very low.

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Definitions:

Manager's Understanding

The comprehension and insight a manager has regarding the workings, dynamics, and needs of their team, organization, and the environment they operate within.

Diversity

refers to the inclusion and representation of different types of people and viewpoints, typically considering factors such as race, gender, ethnicity, age, sexuality, and religion.

Gantt Chart

A visual project management tool that outlines the start and finish dates of the individual components and tasks of a project.

Flow Chart

A diagram that represents a process, system, or computer algorithm, often using various symbols to denote different operations or steps.