Chantal Has a Full-Time Job as a Geological Engineer and Earns

question 98

Multiple Choice

Chantal has a full-time job as a geological engineer and earns an annual after -tax salary of $85 000. She decides to leave her job for 6 months to scuba dive on the Great Barrier Reef in Australia, and incurs costs of $7500 for course equipment and certification, $2500 for airfare, and $12 000 for regular living expenses in Australia
Equal to her living expenses at home) . What is Chantalʹs opportunity cost for this 6 -month, unpaid leave of absence?

• A) $12 000
• B) $22 000
• C) $42 000
• D) $52 500
• E) $65 000

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Definitions:

Apprenticeship Standards

Established criteria and practices for apprenticeship programs, ensuring quality training and fair treatment for apprentices in various trades.

Union Member Tasks

Activities and responsibilities undertaken by members of a labor union, including participation in meetings, voting on agreements, and supporting union initiatives.

Industrial Unionism

A labor movement strategy where workers from all occupations within a single industry join together in a single union to negotiate collectively.

Supervisory Practices

The methods and strategies employed by supervisors or managers to oversee, direct, and support the performance and development of their team or staff.