The Owner of a Convenience Store Is Considering Adding a Take-Out

question 24

Multiple Choice

The owner of a convenience store is considering adding a take-out sandwich section to her offerings. The new activity will occupy 25% of the space and account for 30% of total revenues. Property insurance on the building is $9,000 per year and will not change because of the new activity. How much of the insurance premium should be allocated to the new product line?

• A) $2,700
• B) $2,475
• C) $2,250
• D) $0.00

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Definitions:

Standardized Tests

Tests designed to be administered and scored in a consistent, or "standard," manner across different individuals and settings, often used in education for assessment.

SAT

A standardized test widely used for college admissions in the United States, assessing a student's readiness for college.

White Males

Refers to men who are of European descent or identify as white.

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Groups in a population that are distinguished by racial, ethnic, religious, or cultural heritage and often have less power or representation compared to the majority group.