The Owner of Firewood to Go Is Considering Buying a Hydraulic

question 24

Multiple Choice

The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. If, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?

• A)100 percent
• B)80 percent
• C)75 percent
• D)70 percent
• E)0 percent

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Definitions:

Thin Slicing

Observing a small sample of someone’s behavior and then making a generalization about what the person is like, based on that sample.

Predicted Outcome Value Theory

A theory in interpersonal communication suggesting the initial interactions between individuals are used to predict the future value of the relationship, influencing whether interactions will continue.

Causal Attribution Theory

A concept in social psychology that examines how people determine the causes of behavior or events, attributing them to internal dispositions or external situations.

Partner Uncertainty

The inability to predict the behavior, thoughts, or feelings of another person.