Morris, age 4, is having lunch with his mother and sister. H…

Morris, age 4, is having lunch with his mother and sister. His mother pours milk into the shorter, fatter glass in front of Morris and an equal amount into a slender, taller glass in front of Morris’s sister. Morris complains that his sister got more milk than he did, and even when his mother tries to explain that they both got the same amount, Morris insists he is right. In this example, Morris is demonstrating a lack of development in the area of __________.

XYZ Corp. makes three different types of sails for sailboats…

XYZ Corp. makes three different types of sails for sailboats. Data concerning the three types of sails appear below:   Main Jib Genoa Selling price per unit $ 2,200 $ 1,200 $ 4,000 Variable cost per unit $ 900 $ 400 $ 2,700 Sewing machine time per unit (in  minutes)   40   40   75 Square feet of fabric per unit 20 7 40 Packing machine time per unit (in minutes) 10 3 8 Assuming that available time on the company’s sewing machines is the constraint, which type of sail should the company produce first to make the best use of the sewing machine time?

ABC Co. manufactures water fountains.  ABC has the capacity…

ABC Co. manufactures water fountains.  ABC has the capacity to manufacture and sell 80,000 water fountains each year but is currently only manufacturing and selling 60,000. The following per unit numbers relate to annual operations at 60,000 units:   Per Unit Selling price $ 125 Manufacturing costs:     Variable $ 28 Fixed $ 40 Selling and administrative costs:     Variable $ 10 Fixed $ 12 UNF would like to purchase 3,000 water fountains from ABC but only if they can get them for $50 each. Variable selling and administrative costs on this special order will drop down from $10 per unit to $2 per unit. This special order will not affect the 60,000 regular sales and it will not affect the total fixed costs. The annual financial advantage (disadvantage) for ABC as a result of accepting this special order from UNF should be: