A production goal may be set too high by upper management because
a. they are unsure about the actual costs of production
b. they under-estimate the difficulty of meeting a goal
c. division managers over-state the difficulty of meeting the goal
d. all of the above
b
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The property tax is very popular because
A. it is fairly assigned. B. it is administered locally. C. it is very regressive. D. all of these answer options are correct. E. none of these answer options are correct.
How much is the percentage of income received by the middle three quintiles on line S?
In the short run, which of the following is most likely a variable cost?
A. Interest payments on borrowed funds. B. Contractual lease payments. C. Labor and raw materials costs. D. Property taxes.
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If twelve microwave ovens are produced, Micro Oven's total variable costs are
A. $300. B. $500. C. $800. D. $1,300.