Excom Fiberoptics Is Bidding on Contracts to Sell Micro Test

question 22

Multiple Choice

Excom Fiberoptics is bidding on contracts to sell micro test tubes for biotechnology research. in sets of 1,000 tubes. Fixed costs including depreciation associated with the project are $2,000,000, variable cost per set is $16. Excom expects to sell 250,000 sets. What is the minimum price it can charge and reach the accounting break-even point?

• A) $8
• B) $12
• C) $24
• D) $20

Understand the responsibilities and roles within corporate financial management and governance structures.

Distinguish between the types of markets for trading securities and their characteristics.

Understand the structure and functions of various stock exchanges.

Recognize the advantages and disadvantages of different forms of business ownership.

---

Definitions:

Legitimacy Of Authority

The general perception or belief that the actions of an authority figure or governing body are justified, acceptable, and have a rightful basis.

Physical Distance

The measure of space between two objects or places, often affecting social interactions and perceptions.

Mindlessness

A mental state characterized by a lack of conscious awareness or reflexive use of memorized behavior and thought patterns, often leading to errors or oversight in tasks.

Compliance

The act of conforming to or following rules, standards, or laws, or yielding to a request or desire from others.