The Maize Eagles Are Evaluating Ticket Prices for Its Basketball

question 149

Multiple Choice

The Maize Eagles are evaluating ticket prices for its basketball games. Studies show that Friday and Saturday night games average more than twice the fans of games on other days. The following information pertains to the stadium's normal operations per season: The stadium is open for 5 operating hours on each day a game is played. All employees work by the hour except for the administrators. A maximum of one game is played per day and each fan has only one ticket per game.
The stadium authority wants to charge more for games on Friday and Saturday. What is the minimum price that should be charged for peak attendance nights?

• A)$4.40
• B)$8.60
• C)$6.19
• D)$171.45

Understand the concept of online exchanges and their creation in industries by buyers.

Recognize the importance of visibility throughout the supply chain and its requirements among members.

Grasp the diversity of criteria and weights used in vendor evaluation.

Comprehend basic negotiation strategies in supply chain management, including the market-based price model.

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Definitions:

Units Manufactured

The total number of units produced by a company during a specific period.

Master Budget

A comprehensive financial planning document that includes all of the lower-level budgets within a company, projecting its financial activities.

Production Budget

A financial plan that estimates the number of units to be produced to meet sales goals, factoring in beginning inventory and desired ending inventory.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used to assess whether a company has sufficient liquidity.