For Teens,what Does a 10 Percent Increase in the Price

question 166

Multiple Choice

For teens,what does a 10 percent increase in the price of cigarettes lead to

• A)a 6 percent drop in teenage smoking
• B)a 12 percent drop in teenage smoking
• C)a 18 percent drop in teenage smoking
• D)a 24 percent drop in teenage smoking

---

Definitions:

Cost Drivers

Factors that cause a change in the cost of an activity, used in activity-based costing to allocate costs accurately.

Revenue Variances

The difference between actual revenue and budgeted or projected revenue.

Spending Variances

The difference between actual spending and budgeted or planned spending in various categories.

Cost Drivers

Factors that cause changes in the cost of an activity or process, which are used to allocate costs based on actual usage or consumption.