The Long Term Care Plus Company Has Two Service Departments

question 78

Multiple Choice

The Long Term Care Plus Company has two service departments — actuarial and premium rating, and two operations departments — marketing and sales. The distribution of each service department's efforts to the other departments is shown below:The total cost accumulated in the marketing department using the step method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar; assume the actuarial department goes first) :

• A) $100,000.
• B) $104,000.
• C) $126,000.
• D) $130,000.
• E) $135,000.

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Definitions:

World Trade Organization

is an international organization established to oversee and facilitate international trade agreements, negotiations, and resolution of trade disputes between countries.

Free-Trade Philosophy

A belief system advocating for minimal governmental intervention in international trade, favoring a more open and less restricted trading environment.

Trade Barriers

Measures implemented by governments to regulate or restrict international trade, such as tariffs, quotas, and regulations, aiming to protect domestic industries.

WTO

The World Trade Organization; an intergovernmental organization that regulates international trade.