Answer the Following Questions Using the Information Below

question 129

Multiple Choice

Answer the following questions using the information below:
Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet:

Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $800. Tickets are expected to be $30 per person. Local business supporters will donate any other items required for the event.
-Which option provides the greatest operating income if 600 people attend?

• A) Option one
• B) Option two
• C) Operating incomes are identical.
• D) It depends on how many donations it receives.

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Definitions:

Continuing Education

Ongoing learning activities aimed at professionals to maintain, improve, and broaden their knowledge and skills.

Department Manager

A professional responsible for overseeing the operations, personnel, and budget of a specific department within an organization.

Cross-Training

An approach where employees are trained in multiple functions or roles within an organization, promoting versatility and flexibility in workforce skills.

Participative Budgeting

A budgeting process where employees at all levels are involved in determining the budget for the organization, which can lead to increased motivation and better adherence to financial plans.