It Is the End of the Month,and Janice Still Has

question 12

Multiple Choice

It is the end of the month,and Janice still has three bills left: electricity,water,and her car payment.She only has enough money in her account to pay two of the three bills.According to Sternberg,which type of intelligence will she need to rely on to come up with a solution?

• A)Analytical
• B)Social
• C)Creative
• D)Practical

---

Definitions:

Loss-Minimizing

A strategy or approach aimed at reducing the amount of losses incurred in business operations or investments.

ATC

Average Total Cost is the total cost divided by the number of goods produced, indicating the cost per unit of output.

MC

Marginal Cost; the cost added by producing one additional unit of a product or service, essentially the cost of producing one more of something.

Break-Even

The juncture where the overall expenditures match the total income, resulting in neither a profit nor a loss.