Based on Predicted Production of 12,000 Units, a Company Anticipates

question 56

Multiple Choice

Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of fixed and variable costs for 10,000 units are:

• A) $125,000 fixed and $102,500 variable.
• B) $125,000 fixed and $123,000 variable.
• C) $102,500 fixed and $150,000 variable.
• D) $150,000 fixed and $123,000 variable.
• E) $150,000 fixed and $102,500 variable.

Analyze the importance of need for achievement, affiliation, and power in driving individual behavior.

Differentiate between Theory X and Theory Y management styles and their implications for employee motivation.

Assess the impact of equity theory on employee motivation and behavior in the organization.

Understand the principles of negligence and product liability.

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Definitions:

Payoff

The return or profit gained from an investment or decision.

Prisoner's Dilemma

A theoretical framework in game theory illustrating that two rational individuals might not cooperate, even if it appears that it is in their best interest to do so.

Deny the Crime

The act of declaring one's innocence in response to an accusation of criminal activity.

Nash Equilibrium

A concept in game theory where each player's strategy is optimal given the strategies of all other players, leading to a situation where no participant can benefit by changing strategies while others keep theirs unchanged.