The Total Amount of Information Technology Department Cost Allocated to the Two

question 43

Multiple Choice

The total amount of Information Technology Department cost allocated to the two operating departments is closest to:

• A)$28,679
• B)$32,334
• C)$23,391
• D)$126,849

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Definitions:

Very Inelastic

Describes a situation where the demand or supply for a product is barely affected by changes in the price.

Calculate Elasticity

entails determining the degree to which the quantity demanded or supplied of a good changes in response to a change in its price.

Unit Elastic

A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Total Revenue

The total earnings accrued from a company's principal operations through the transaction of goods or services.