The maintenance costs of WestJetLite's airplane storage facilities represents what type of cost?

a. variable
b. inelastic
c. fixed
d. elastic

Ans: c. fixed

Business

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Which of the following is a reason why goals that are too easy to achieve are usually ineffective?

A) Employees are too financially motivated to achieve the goals. B) The goals do not deliver substantial results. C) Employees are daunted by having to perform at a level much higher than their capabilities. D) The goals are not specific enough.

Business

Which option should Patrick choose to maximize income assuming there is a 40% probability that 70 units will be sold and a 60% probability that 40 units will be sold?

A) Option 1 B) Option 2 C) Option 3 D) All options maximize income equally.

Business