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Kathy Operates a Gym

question 27

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Kathy operates a gym.She sells memberships that entitle the member to use the facilities at any time.A one-year membership costs $360 ($360/12 = $30 per month) ; a two-year membership costs $600 ($600/24 = $25 per month) .Cash payment is required at the beginning of the membership period.On July 1,2011,Kathy sold a one-year membership and a two-year membership. Kathy operates a gym.She sells memberships that entitle the member to use the facilities at any time.A one-year membership costs $360 ($360/12 = $30 per month) ; a two-year membership costs $600 ($600/24 = $25 per month) .Cash payment is required at the beginning of the membership period.On July 1,2011,Kathy sold a one-year membership and a two-year membership.   A)  Only I is true. B)  Only I and II are true. C)  Only II and III are true. D)  I, II, and III are true. E)  None of the above.


Definitions:

Routine Decision

A routine decision involves regularly made choices that follow established procedures or rules, often requiring minimal thought or deliberation.

Unreasonable Risks

Unreasonable risks are exposures to danger or harm that are not justified by the potential rewards, often lacking in foresight or disregarding probable negative outcomes.

"Thinking" Style

Denotes an individual's preferred way of gathering, processing, and analyzing information to make decisions.

Information Processing

The process of gathering, analyzing, and disseminating information by individuals or systems.

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