Answer the Following Question(s)using the Information Below

question 126

Multiple Choice

Answer the following question(s) using the information below.Southwestern College is planning to hold a fund raising banquet at one of the local country clubs.It has two options for the banquet:
Southwestern College has budgeted $1,800 for administrative and marketing expenses.It plans to hire a band which will cost another $800.Tickets are expected to be $30 per person.Local business supporters will donate any other items required for the event.
-What is the break-even point in units for each option?

• A)96 units and 114 units respectively
• B)120 units and 187 units respectively
• C)56 units and 137 units respectively
• D)200 units and 255 units respectively
• E)156 units and 219 units respectively

Describe the ethical decision-making process and its steps.

Relate individual, organizational, and societal factors to the framework of ethical decision making.

Grasp the concept of normative approaches to ethics and their implications for business decision making.

Understand the significance of corporate culture in shaping ethical behavior and decisions.

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Definitions:

Money Income

The total amount of monetary earnings received by an individual or household over a specific period of time, including wages, salaries, and other earnings.

Factors of Production

The inputs used in the production of goods or services, including land, labor, capital, and entrepreneurship.

Economic Resources

Inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.

Consumption Goods

Goods that are used by consumers for personal use and satisfaction, not for production or investment.