If Your Tuition Is $20,000 This Semester, Your Books Cost

question 58

Multiple Choice

If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $8,000 this semester (same as if not attending college) , then your opportunity cost of attending college this semester is

• A) $22,000.
• B) $22,150.
• C) $28,750.
• D) $36,750.

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Definitions:

Cumulative Voting

A voting system that allows shareholders to allocate all their votes to one candidate or distribute them among several candidates, often used in corporate board elections to strengthen the voting power of minority shareholders.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make important decisions for a corporation.

Dividend Yield

An indicator in finance measuring the dividends paid by a company each year against its share price.

Annual Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits, on an annual basis.