A Recently-Accredited College of Business Discovers It Is in Dire

question 24

Multiple Choice

A recently-accredited College of Business discovers it is in dire financial trouble and wants to examine demand for services and costs to provide them next year.Market conditions may become more favorable,resulting in a 10% increase in enrollment,with a probability of 0.5,stay the same,with a probability of 0.3,or become less favorable,with a probability of 0.2 and a decrease in enrollment of 10%.There is a 0.9 probability that their costs to provide services will rise by 5% and a 0.1 probability that their costs will be the same.This year,they charge each of their 2000 students $3000 to take a full course load and spend $1500 on each student.
-What is the revenue for the college if it experiences an increase in enrollment and an increase in their cost to provide services?

• A)$4,000,000
• B)$4,400,000
• C)$5,465,000
• D)$6,600,000

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Definitions:

Resource Mobilization

A theory in social movements indicating how groups gather and manage resources such as money, supporters, and political influence to achieve their goals.

Violent Protest

An act of public demonstration that involves aggressive actions and behaviors, often leading to injury or damage as a form of expressing opposition.

Frame Alignment

The process by which social movement organizations align their interests, values, and beliefs with those of potential members, to increase adherence and support.

Socially Unorganized

Describes a society or group lacking structured social systems, institutions, or coherent group organization.