Johnson Marine Has the Following Costs and Expected Sales for the Coming

question 75

Multiple Choice

Johnson Marine has the following costs and expected sales for the coming year.Johnson is considering a number of different methods to determine the price of its product.
If Johnson determines price using a desired return on life cycle costs of 30%,the price is:

• A)$262.50
• B)$306.00
• C)$375.00
• D)$364.29
• E)$330.00

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Definitions:

Multiple Intelligences

A theory suggesting that individuals have diverse types of intelligence, rather than a single, general ability.

g-Factor Theory

A theory in psychology that proposes general intelligence (g) exists and represents a single underlying intellectual ability.

Triarchic Theory

A psychological theory proposed by Robert Sternberg, suggesting that human intelligence consists of three aspects: analytical, creative, and practical intelligence.

Primary Mental Abilities

A theory proposing that intelligence consists of several distinct dimensions or abilities, rather than a single general ability.