Stone Company Plans to Sell 200,000 Calculators

question 51

Multiple Choice

Stone Company plans to sell 200,000 calculators. The fixed costs are $600,000, and the variable costs are 60% of the selling price. If the company wants to realize a profit of $120,000, the selling price of each calculator must be:

• A) $5.00
• B) $7.50
• C) $9.00
• D) $10.00

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Definitions:

Environmental Justice

The fair treatment and meaningful involvement of all people, regardless of race, color, national origin, or income, with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies.

Corporate Welfare

Financial aid and benefits provided by the government to corporations, often criticized as favoritism towards big business.

Grassroots Environmentalism

Beginning in the 1980s, the fourth stage of the environmental movement; distinguished by the diversity of its members and belief in citizen participation in environmental decision making.

Conservation Era

The earliest stage of the environmental movement, which focused on the preservation of “wilderness” areas.