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Study Guide

MGMT 1000- Final Exam Guide - Comprehensive Notes for the exam ( 118 pages long!)


Department
Management
Course Code
MGMT 1000
Professor
Kathleen Rodenburg
Study Guide
Final

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U of G
MGMT 1000
Final EXAM
STUDY GUIDE

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5. Do(you(think(that(the(product(you(chose(has(a(greater(proportion(of(fixed(or(variable(
costs(associated(with(its(production?(Explain((
The(product(I(choose(in(question(3(was(a(burrito(bowl.(In(my(opinion,(burritos(bowls(
have(a(greater(proportion(of(variable(cost(associated(with(its(production.(The(reason(
being,(it(has(by(far(more(variable(costs(than(fixed(costs(associated(with(its(production(
process(as(seen(in(the(table(above.(The(main(reason(there(are(so(many(variable(costs(is(
because(the(production(of(this(item(includes(the(many(raw(materials.(By(this(I(mean,(to(
produce(a(burrito(bowl(you(basically(only(need(vegetables,(rice(and(protein.(The(only(
fixed(cost(of(item(which(is(what(you(purchase(once(is(the(container(that(the(food(goes(
into,(paying(the(employee(and(the(electricity.((
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