A ________ defines the values underlying the entire company and its ethical responsibilities to its stakeholders
A) fidelity
B) promise-keeping
C) company credo
D) code of ethics
Answer: C
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Every project encounters the following:
A) risk, delays, and resistance. B) risk, opportunities, and resistance. C) risk, issues, and delays. D) risk, issues, and opportunities.
CVP analysis, changing revenues and costs
Brilliant Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on Ontario Air. Brilliant's fixed costs are $36,000 per month. Ontario Air charges passengers $1,300 per round-trip ticket. Calculate the number of tickets Brilliant must sell each month to (a) break even and (b) make a target operating income of $12,000 per month in each of the following independent cases. Required: 1. Brilliant's variable costs are $34 per ticket. Ontario Air pays Brilliant 10% commission on ticket price. 2. Brilliant's variable costs are $30 per ticket. Ontario Air pays Brilliant 10% commission on ticket price. 3. Brilliant's variable costs are $30 per ticket. Ontario Air pays $46 fixed commission per ticket to Brilliant. Comment on the results. 4. Brilliant's variable costs are $30 per ticket. It receives $46 commission per ticket from Ontario Air. It charges its customers a delivery fee of $8 per ticket. Comment on the results.