Use the Information Below to Answer the Following Questions

question 114

Multiple Choice

Use the information below to answer the following questions.
Fact 12.2.1 Chevy Volt Production Temporarily Shut Down
GM will temporarily lay off 1,300 employees as the company stops production of the electric car, Chevy Volt, for five weeks. GM had hoped to sell 10,000 Volts last year, but ended up selling just 7,671. It plans to maintain inventory levels by adjusting production to match demand.
Source: Politico, March 2, 2012
-Refer to Fact 12.2.1. The shutdown decision ________ total fixed cost and ________ total variable cost.

• A)decreases; decreases
• B)does not change; decreases
• C)does not change; does not change
• D)increases; does not change
• E)does not change; increases

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Definitions:

Valid Arguments

Arguments where, if the premises are true, the conclusion must also be true, demonstrating a logical connection between premises and conclusion.

True Conclusion

A statement that logically follows from the premises of an argument, where the premises are true.

False Reference

An incorrect or misleading citation of a source or fact.

Genetics

The branch of biology concerned with the study of genes, genetic variation, and heredity in organisms.