Kennedy Co

question 94

Multiple Choice

Kennedy Co. sells two products, Arks and Bins. Last year, Kennedy sold 32,000 units of Arks and 18,000 units of Bins. Related data are: Use the above given data to solve the following questions:
Refer to the information provided for Kennedy Co. What was Kennedy's sales mix last year?

• A) 40% Arks, 60% Bins
• B) 43% Arks, 57% Bins
• C) 54% Arks, 46% Bins
• D) 64% Arks, 36% Bins

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Definitions:

Employee Shirking

Refers to employees putting in less effort than agreed upon or expected, often when they believe their lack of effort will not be noticed or punished.

Specialization

The process of focusing on and becoming expert in a particular area of production or knowledge to increase efficiency.

Falling Costs

A situation where the expenses associated with producing a good or service decrease, often leading to lower prices for consumers.

Economies of Scale

The cost advantage that arises with increased output of a product, where average costs start to fall as production scales up.