Refer to Scenario 7

question 50

Multiple Choice

Refer to Scenario 7.2 below to answer the question(s) that follow.
SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year.
-Refer to Scenario 7.2. Your accounting profit last year was

• A) $10,000.
• B) $30,000.
• C) $50,000.
• D) $60,000.

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Definitions:

Internal Factors

Elements or influences originating within an individual or organization, affecting behavior, decisions, or performance.

Low Grade

A rating or score that indicates an item or performance is below average or expectations.

Difficult Period

A challenging or hard time in one’s life characterized by stress, hardship, or emotional turmoil.

Scripts

Knowledge structures that define situations and guide behavior.