Using the Data Shown Below in Table 3 for the Sales

question 92

Multiple Choice

Using the data shown below in Table 3 for the sales of a new CD at a store for the last 4 weeks, answer the questions
Table 3
$$\begin{array} { | l | c | c | c | c | } \hline \text { Week } & 1 & 2 & 3 & 4 \\\hline \text { Sales } & 112 & 105 & 125 & 118 \\\hline\end{array}$$
-The four-period moving average for next week (week 5) is:

• A) less than or equal to 100.
• B) more than 100 but less than or equal to 110.
• C) more than 110 but less than or equal to 120.
• D) more than 120 but less than or equal to 130.

Identify the effects of tariffs, quotas, and subsidies on international trade.

Explain the concepts of comparative and absolute advantage in trade.

Analyze the impact of trade deficits and surpluses on a country's economy.

Understand the role of opportunity costs in determining trade relationships.

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Definitions:

Target Costing

A pricing method that involves subtracting a desired profit margin from a competitive market price to determine the maximum cost of production.

Return on Investment

A financial metric evaluating the profitability or effectiveness of an investment, calculated by dividing net profit by the investment's cost.

Common Fixed Costs

Costs that do not change with the level of production or sales and are shared across different products or departments within a company.

Decision Making

The process of choosing among alternative courses of action or solutions to a problem in order to achieve a desired outcome.