Refer to Scenario 7

question 20

Multiple Choice

Refer to Scenario 7.6 below to answer the question(s) that follow.
SCENARIO 7.6: Upon graduating with an accounting degree, you open your own accounting firm of which you and your assistant are the only employees. To start the firm you passed on a job offer with a large accounting firm that offered you a salary of $50,000 annually. Last year you earned a total revenue of $120,000. Rent and supplies last year were $50,000. Your assistant's salary is $30,000 annually.
-Refer to Scenario 7.6. Your annual economic costs are

• A) $50,000.
• B) $80,000.
• C) $100,000.
• D) $130,000.

---

Definitions:

First Trimester

The initial stage of pregnancy, comprising the first 12 weeks, that is critical for the development of the fetus.

Accutane

A brand name for isotretinoin, a potent medication used to treat severe acne that has not responded to other treatments.

Birth Defects

Abnormalities present at birth that cause physical or mental disability, ranging from minor to severe, due to genetic or environmental factors.

Small Head Circumference

A condition where the measurement of the head around its largest area is below the average for one’s age and sex, potentially indicating developmental issues.