The Table Below Provides the Total Revenues and Costs for a Small

question 41

Multiple Choice

The table below provides the total revenues and costs for a small landscaping company in a recent year. $$\begin{array} { | l | l | } \hline \text { Total Revenues }(\$) & 250000 \\\hline & \\\hline \text { Total Costs }(\$) & \\\hline \text { wages and salaries } & 150000 \\\hline \text { risk-free return of } 2 \% \text { on owner's capital of } \$ 20000 & 400 \\\hline \text { interest on bank loan } & 1500 \\\hline \text { cost of supplies } & 27000 \\\hline \text { depreciation of capital equipment } & 8000 \\\hline \text { additional wages the owner could have earned in next } & 30000 \\\text { best alternative } & \\\hline \text { risk premium of } 4 \% \text { on owner's capital of } \$ 20000 & 800 \\\hline\end{array}$$ TABLE 7- 2
-Refer to Table 7- 2.The implicit costs for this firm are

• A)$400.
• B)$31 200.
• C)$30 400.
• D)$30 800.
• E)$800.

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Definitions:

Emotional Intelligence

The skill to recognize, govern, and articulate personal emotions while managing interactions with others in a considerate and sympathetic manner.

Cross Cultural Negotiations

The process of discussing terms and reaching an agreement or compromise involving parties from different cultures and often requiring sensitivity to cultural differences.

Role Conflict

Occurs when an individual faces incompatible demands or expectations from multiple roles they are engaged in.

Ambiguity

The quality of being open to more than one interpretation, vagueness, or uncertainty in meaning.