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

question 145

Multiple Choice

Use the information below to answer the following question(s) .Pershing Company budgeted the following costs for the production of its one and only product, blades, for the next fiscal year:
Pershing has a target profit of $150,000.
-The target profit percentage for setting prices as a percentage of total variable costs would be

• A)47%.
• B)33%.
• C)29%.
• D)38%.
• E)61%.

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Definitions:

Situational Leadership Model

A leadership theory that proposes the effectiveness of a leadership style is dependent on the task readiness level of the individuals being led.

Low Task Behavior

Leadership behavior focused less on the work to be done and more on the interpersonal relationships among team members.

Transformational Leadership

A leadership style focused on inspiring and motivating followers to achieve exceptional outcomes and personal growth.

Inspirational Leadership

Leadership that motivates and energizes followers through a shared vision and enthusiasm.