Which of the Following Is NOT an Example of the Micro-Macro

question 162

Multiple Choice

Which of the following is NOT an example of the micro-macro dilemma?

• A) Many people like beer and wine, but drunk driving is a big social problem.
• B) Some people like to eat a lot, but later feel guilty about eating too much.
• C) A "good" lawn mower can be produced cheaply, but its price must be higher if its design must be safe for "ignorant" users.
• D) A smoker may enjoy a cigar, but the smell can make other people sick.
• E) Downhill snow skiing is fun, but really quite dangerous.

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Definitions:

Safety Margin

The difference between the actual level of sales or production and the break-even point, measuring the cushion a company has before it incurs losses.

Break Even Point

The financial analysis term where total revenues equal total expenses, and there is no profit or loss.

Budgeted Revenue

The amount of income that a company plans or expects to generate over a certain period, often used for planning and performance evaluation purposes.

After-Tax Profit

The net income a company generates after all taxes have been deducted from total revenues.