The Jones State Bank Is Planning to Add a Branch

question 40

Multiple Choice

The Jones State Bank is planning to add a branch office on the west side of Edmond,Oklahoma.The bank has done a survey of local residents near the area where it wants to build the branch office and has discovered that most residents are in their 50's and 60's.Which factor would this address when considering whether to add a new branch?

• A)Traffic count
• B)Number of retail shops
• C)Average age of the local population
• D)Population Density
• E)Population Growth

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Definitions:

Absorption Costing

A bookkeeping approach that incorporates all production expenses such as direct materials, direct labor, and both variable and fixed overhead costs into the pricing of a product.

Variable Costing

An accounting method that considers only variable costs in product costing and decision-making, excluding fixed overhead expenses.

EBITDA

Stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, a measure of a company's overall financial performance.

Theme Park

A large outdoor area where entertainment is provided, typically through rides, games, and themed attractions.