Framing House, Inc

question 75

Multiple Choice

Framing House, Inc. produces and sells picture frames. Variable costs are expected to be $17 per frame; fixed costs for the year are expected to total $130,000. The budgeted selling price is $25 per frame.

The sales in units required by Framing House to make an after-tax profit (πA) of $10,000, given an income tax rate, t, of 20%, would be (rounded up to nearest whole unit) :

• A) 17,734 units.
• B) 16,583 units.
• C) 17,813 units.
• D) 17,049 units.
• E) 16,366 units.

Understand the importance of effective communication in the change management process.

Recognize the significance of resistance to change as feedback for improving change initiatives.

Identify various approaches to implementing change and their relative effectiveness.

Understand the impact of organizational culture and diversity on change management.

---

Definitions:

Monopolistic Seller

A market scenario where a single seller dominates the market, having substantial control over the prices and the supply of a product or service.

Purely Competitive

A market structure characterized by many buyers and sellers, where no single entity can influence the market price.

Resource Demand

The desired quantity of a resource that businesses and individuals are willing and able to consume at a given price.

Demand Factors

Elements that influence the quantity of a product or service consumers are willing to buy at a given price, such as income levels, tastes, and price of substitutes.