The National Sales Manager for "I Colored This" (ICT) T-Shirts

question 42

Multiple Choice

The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected payoff for purchasing three dozen T-shirts?

• A) 72
• B) 120
• C) 168
• D) 192

Describe the concept and implications of organizational downsizing.

Recognize the role and resources available through organizations supporting small businesses and entrepreneurs.

Understand the characteristics and differences of sex-segregated play and group dynamics among children and adolescents.

Comprehend the methods and importance of meta-analysis in studying sex differences.

---

Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Net Sales

This refers to the revenue generated from sales after deducting returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable to Net Sales

A ratio that measures the amount of money owed to a company by its customers relative to the net sales.

Balance Sheet

A document detailing a firm's assets, liabilities, and owners' equity at a particular moment.