The only doctor in a small town had a problem. He wanted to see all of the people who needed his care but he did not have enough time in the day to do so
He was especially worried that if he did not see certain patients, they would not be able to afford the doctor in the next town over. His problem is a(n) ________ one.
A) optimal
B) rational
C) ethical
D) financial
C
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The production facility for ABC Manufacturing is located in a flood plain. Although the risk of flood is low, ABC's risk manager is concerned that a flood could damage the plant and equipment
He received bids on flood insurance from two insurance agents, but decided the cost of coverage was too high relative to the risk. So he did not purchase flood insurance. Which risk management technique is ABC using with respect to the risk of flood? A) active retention B) noninsurance transfer C) passive retention D) avoidance
If the sales price is $60 per unit, the variable cost is $36 per unit, total fixed costs is $50,000, how many units need to be sold if the desired profit is $100,000?
A. 1,000 units B. 2,500 units C. 4,100 units D. 6,250 units