Collegiate Tuxedo Rents Apparel Throughout the Year

question 15

Multiple Choice

Collegiate Tuxedo rents apparel throughout the year. They have experienced non-payment by about 20% of their customers with an average loss of $300. Collegiate wants to stem their losses by using an instant electronic credit check on the customer. These checks will cost them $12 on each of the 1,000 customers. The opportunity cost is 2.0% for the credit period. Should they pursue the credit check?

• A) No, because the $24,000 cost is too high.
• B) No, because a $300 loss is minor.
• C) Yes, because the net gain is $30,000.
• D) Yes, because the net gain is $48,000.
• E) Yes, because the net gain is $60,000.

Describe the ecological and economic importance of maintaining biodiversity.

Recognize the role and methods of forest management and restoration in sustaining biodiversity.

Understand the concepts of first and second-growth forests and their ecological importance.

Comprehend the effects of anthropogenic activities on climate change and loss of biodiversity.

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Definitions:

Visual

Relating to seeing or sight, involving the use of vision.

Reasoning

The process of thinking about something in a logical way in order to form a conclusion or judgment.

Direct Observation

A research method where information is collected by witnessing and recording behaviors as they occur in their natural setting.

Citizens Rights

Legal entitlements that are granted to individuals by the constitution and laws of a country, protecting their freedoms and entitlements.