FifeSiete Corp

question 73

Multiple Choice

FifeSiete Corp. wants to break even at 15,000 units on its only product. Its unit variable cost is $55, and its fixed cost is $750,000. What should be the company's unit selling price?

• A) $85
• B) $92
• C) $105
• D) $78

Comprehend efficiency-wage theories and their application in the labor market.

Analyze the impact of insurance policy characteristics on buyer preferences.

Understand voting paradoxes and the implications for decision-making processes.

Distinguish between different methods of resolving collective decision-making dilemmas.

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Definitions:

Decentralized Authority

A system where decision-making powers are distributed throughout various levels in an organization, rather than being concentrated at a single point.

Flat Structures

An organizational structure with few or no levels of middle management between staff and executives, promoting more direct communication.

Reducing Overhead Costs

Strategies aimed at decreasing the expenses not directly tied to the production of goods or services, such as rent, utilities, and administrative costs.

Spans of Control

The number of subordinates directly supervised by a manager, affecting the structure and efficiency of organizational communication and decision-making.