If the Resort Operating Center Plans a Targeted Operating Income

question 9

Multiple Choice

If the Resort Operating Center plans a targeted operating income of $210,000 and the tax rate is 30%,what is the organization's target net income?

• A)$63,000.
• B)$89,000.
• C)$109,000.
• D)$118,000.
• E)$147,000.

Learn about the application of psychology in understanding human relationships and societal behaviors.

Understand different research methods used in psychology.

Recognize observer and sample bias within psychological research.

Distinguish between individualistic and collectivist cultures and their values.

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Definitions:

Diminishing Returns

Diminishing returns is an economic principle stating that as more investments or resources are added to a production process, the incremental gain in output will eventually decrease if all other factors remain constant.

Disguised Unemployment

Situations where more people are employed in a task or job than is necessary for its completion, leading to inefficiency.

Capital Goods

Long-term assets such as buildings, machinery, and equipment purchased by businesses to produce goods and services.

Terms of Trade

The ratio of an index of a country's export prices to an index of its import prices, used to measure the relative trading advantage or disadvantage.