Refer to the Following Case as You Respond to the Question

question 24

Multiple Choice

Refer to the following case as you respond to the question: The Celebration Theatre is a small, independent theatre that puts on 12 plays per year.30 days before the start of each calendar quarter, Celebration prepares advertising for the productions in the upcoming quarter.They advertise on their web site, via e-mail to their season subscribers and via direct mail and brochures to others.Patrons can buy tickets for a single play; alternatively, they can subscribe to all three plays each quarter.Quarterly subscriptions offer a 25% discount from the prices of single tickets.Patrons may purchase tickets over the phone, at the box office or via the theatre's web site.All tickets are held at the box office where they can be picked up as early as one week prior to the performance.The theatre has an "open seating" plan, so patrons do not reserve a specific seat at any performance.If tickets are purchased in person at the box office, non-subscribers may pay with cash or a major credit card; subscribers can pay with cash, major credit card or check.All tickets purchased over the phone or via the web site must be paid for with a major credit card.Celebration maintains an electronic database to track all ticket sales; paper tickets are printed at least ten days prior to a performance.Any paid tickets that are not claimed at least thirty minutes prior to the performance are sold on a "first-come, first-serve" basis at a 50% discount. Refer to the previously presented set of flowcharting symbols labeled Symbol A through Symbol J.Which of the following would best determine whether to use Symbol G or Symbol I to represent the process of selling tickets at the box office?

• A)Whether the process is completed manually or with information technology
• B)Whether the flowchart will be read by someone who understands the process of selling tickets
• C)Whether the tickets are sold to a subscriber or a non-subscriber
• D)Any of these could be used to make that determination.

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Definitions:

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and opportunity costs, impacting a company's financial performance.

Orders

Directions or commands given by authority, or customer requests for goods or services.

Revolving Line

A type of credit facility that allows a borrower to withdraw, repay, and re-borrow funds up to a specified credit limit.

Commitment Fee

A charge imposed by a lender on a borrower for not utilizing a credit line or for funds that have not been disbursed.