Mr Sweet Opened a Candy Store

question 40

Multiple Choice

Mr. Sweet opened a candy store. He rented a building for $30,000 a year. During the first year of operation, Sweet paid $40,000 to his employees, $10,000 for utilities, and $20,000 for goods he bought from other firms. His total revenue was $135,000. Sweet's best alternative to running this candy store is to work for Wal-Mart as a sales associate for $15,000 a year. What is Sweet's total opportunity cost?

• A) $15,000
• B) $100,000
• C) $135,000
• D) $115,000

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Definitions:

Conflict Management Strategy

Methods or approaches used to address and resolve conflicts in an effective and constructive manner.

Argument

is a statement or series of statements for or against something, often involving evidence and reasoning to support a position.

Political Exercise

The activities involved in acquiring and using power in a workplace or organizational setting to achieve one's goals.

Relationship Conflict

The tension, disagreement, or incompatibility between individuals regarding their relationship, not necessarily focused on tasks or goals.