Chrisjohn Beet Processors, Inc

question 80

Multiple Choice

Chrisjohn Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs $51 to buy from farmers and $16 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process. The beet fiber can be sold as is for $23 or processed further for $18 to make the end product industrial fiber that is sold for $47. The beet juice can be sold as is for $46 or processed further for $20 to make the end product refined sugar that is sold for $59. How much profit (loss) does the company make by processing the intermediate product beet juice into refined sugar rather than selling it as is?

• A) ($74)
• B) ($23)
• C) ($7)
• D) ($41)

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Definitions:

Independent Variables

Variables in an experiment or model that are manipulated or selected by the researcher to determine their effect on dependent variables.

Quantitative Data

Information that can be measured and written down with numbers.

Categorical Data

Data that represents characteristics and can categorize inputs into identifiable segments or classes.

Experimental Studies

Research studies that manipulate conditions to examine the cause and effect relationship between variables.