A Recently Graduated Business Student Decided to Open a Small

question 144

Multiple Choice

A recently graduated business student decided to open a small Internet café serving a variety of unusual nonalcoholic beverages from around the world.He carefully used all the pricing formulas he learned in school and set a goal to break even the first six months and make a moderate profit for the next six months,at which time he would review his pricing strategies.Within a week after opening,every seat was filled and he had to replenish his beverage orders several times.At his six-month review,he was devastated to find that despite huge sales,he had actually lost money.He realized it wasn't his "math" that was wrong; he forgot to include monthly expenses such as toilet paper,paper towels,hand soap,and trash removal fees in his calculations.These costs should have appeared as __________ in his break-even analysis.

• A)fixed costs
• B)marginal costs
• C)variable costs
• D)overhead costs
• E)sunk costs

Recognize the impact of socioeconomic factors on child development and academic performance.

Describe the characteristics and significance of fine and gross motor skill development.

Identify factors influencing child health and safety, including common illnesses and causes of mortality.

Understand the role of environmental and parental influences on cognitive development.

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Definitions:

Screen

In a medical or psychological context, to conduct a preliminary assessment to detect the possible presence of a particular disease, disorder, or relevant condition.

MMPI-2

The Minnesota Multiphasic Personality Inventory-2, a comprehensive psychological test that assesses personality traits and psychopathology.

SASSI-3

A screening tool used to identify individuals with substance use disorders through self-reporting.

Fake-Good

The phenomenon where individuals present themselves in an unrealistically positive manner, especially in the context of psychological assessments or therapy.