A Business Is Operating at 70% of Capacity and Is

question 59

Multiple Choice

A business is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24 per unit. The unit cost for the business to make the part is $36, including fixed costs, and $28, not including fixed costs. If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?

• A) $60,000 cost decrease
• B) $180,000 cost increase
• C) $60,000 cost increase
• D) $180,000 cost decrease

Recognize the structure of the classic three-stage information-processing model (sensory memory, short-term memory, and long-term memory).

Distinguish between different types of memory (implicit, explicit, short-term, working, long-term, sensory).

Identify the processes involved in memory (encoding, storage, retrieval).

Describe the differences between automatic and effortful processing and their impact on memory.

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Definitions:

Median

The middle value in a data set, which separates the higher half from the lower half.

Unimodal

Refers to a distribution that has a single peak or mode.

Median

The middle value in a sorted list of numbers, effectively dividing the distribution into two equal halves.

Mean

In statistics, it refers to the average value in a data set, calculated by summing all the numbers and dividing by the count of these numbers.