You Are in Charge of the Local City-Owned Aquatic Center

question 35

Multiple Choice

You are in charge of the local city-owned aquatic center. You need to increase the revenue generated by the aquatic center to meet expenses. The mayor advises you to increase the price of a day pass. The city manager recommends reducing the price of a day pass. You realize that

• A)the mayor thinks demand is elastic, and the city manager thinks demand is inelastic.
• B)both the mayor and the city manager think that demand is elastic.
• C)both the mayor and the city manager think that demand is inelastic.
• D)the mayor thinks demand is inelastic, and the city manager thinks demand is elastic.

Analyze the significance of belongingness and relatedness needs in societal and personal contexts.

Understand the impact of psychological stressors on sexual behavior and identity.

Recognize the role of stories in conveying organizational culture.

Understand common themes underlying organizational stories such as equality, security, control, and autonomy.

---

Definitions:

Owner's Capital Account

Represents the total equity or investment that the owner has in the business, including initial investment and subsequent profits or losses.

Balance

The amount of money or value remaining in an account after accounting for debits and credits.

Income Summary

An account used in the closing process that summarizes the revenue and expenses for a specific accounting period.

Expenses Accounts

Accounts that track money spent or costs incurred in a company’s operations to generate revenue.