Exhibit 12.4. The Following Questions Use the Information Below

question 8

Multiple Choice

Exhibit 12.4.
The following questions use the information below.
The manager of a Washington, DC sightseeing tour company is concerned about overbooking for one of his bus tours. The bus has 15 seats but sometimes there are empty seats. His records show that about 20% of ticket holders do not show up for their tour. Tickets cost $10 and are non-refundable. If the manager overbooks the tour and more than 15 passengers show up, some of them will be bumped to a later tour. This bumping costs the company $25 in various expenses to keep the customer happy until the next tour. The manager wants to see what happens to profits if 18 reservations are accepted.
-Using the information in Exhibit 12.4, what formula should go in cell C15 of the worksheet to determine the Marginal Profit?

• A) =C12+C13+C14
• B) =C12-C13-C14
• C) =C12-C14+C13
• D) =C12-(C13-C14)

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Definitions:

Fittest Survive

A concept derived from Darwinian evolutionary theory suggesting that in natural selection, the individuals best adapted to their environment are most likely to survive and reproduce.

Introspective Composition

The process of reflecting and writing about one's own thoughts, feelings, and experiences.

Self-image

Refers to the idea, conception, or mental image one has of oneself.

Self-esteem

An individual's overall subjective emotional evaluation of their own worth or personal value.