Kevin Company Prepared the Following Static Budget for the Year

question 120

Multiple Choice

Kevin Company prepared the following static budget for the year 2015: $$\begin{array} { | l | c | r | } \hline \text { Static Budget } & & \\\hline \text { Units/volume } & & 5,000 \\\hline & \text { Per Unit } & \\\hline \text { Sales revenue } & \$ 3.00 & \$ 15,000 \\\hline \text { Variable expenses } & \$ 1.50 & \underline { 7,500 } \\\hline \text { Contribution margin } & & 7,500 \\\hline \text { Fixed expenses } & & \underline { 4,000 } \\\hline \text { Operating income/(loss) } & & \underline { \$ 3,500 } \\\hline\end{array}$$ If a flexible budget was prepared at a volume of 6,000, calculate the amount of operating income.

• A) $5,000
• B) $3,500
• C) $9,000
• D) $4,000

Analyze the varying motivational tools and their effectiveness across different generations.

Comprehend the essential role of motivation for company success.

Identify the diverse sources of individual motivation.

Understand the generational differences in career and feedback expectations.

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Definitions:

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.

Demographic Transition

A model describing how the birth and death rates of a population change over time as a country develops from pre-industrial to industrial economic system.

Environmental Resistance

Factors in the environment that limit the growth, abundance, or distribution of an organism or a population of organisms.

Replacement Reproduction

Population in which each person is replaced by only one child.