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Use the Information Below to Answer the Following Question(s)

question 29

Multiple Choice

Use the information below to answer the following question(s) .
Following a strategy of product differentiation, Luke Company makes a high-end Appliance, AP15. Luke Company presents the following data for the years 1 and 2.
Luke Company produces no defective units but it wants to reduce direct materials usage per unit of AP15 in year 2. Manufacturing conversion costs in each year depend on production capacity defined in terms of AP15 units that can be produced. Selling and customer-service costs depend on the number of customers that the customer and service functions are designed to support. Neither conversion costs or customer-service costs are affected by changes in actual volume. Luke Company has 46 customers in year 1 and 50 customers in year 2. The industry market size for high-end appliances increased 5% from year 1 to year 2.
-Which of the following is a measure of the financial perspective?

Understand the procedural rules of courts and the methods for settling disputes outside of courts (ADR).

Understand how changes in capital (like machinery or technology) affect optimal labor employment.

Calculate the optimal level of labor employment based on marginal product of labor, wage rates, and marginal revenue.

Analyze the impact of wage rate changes on the employment of labor.

Definitions:

Open Up

To become more accessible or available emotionally or physically, creating an environment for sharing information or entering.

Deficit Need

A requirement essential for a person's psychological development and growth, which, if unmet, can lead to feelings of inferiority or weakness.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Esteem

Esteem refers to the respect and admiration that an individual is held in by others or regards themselves with.