If a Nail Salon Hires an Additional Worker, That Worker

question 190

Multiple Choice

If a nail salon hires an additional worker, that worker can service 8 additional customers per day. The average nail service fee is $30. The most the salon would be willing to pay that worker is

• A) $8 per day.
• B) $30 per day.
• C) $240 per day.
• D) indeterminate with the given information.

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Definitions:

Structural Risks

Associated with the possibility of loss due to the physical structure or fundamental nature of a business or industry, affecting its stability and profitability.

Skill Set

The range of skills or competencies that an individual possesses, which are relevant to, or necessary for, a particular role or profession.

Operational Risks

The risks of loss resulting from inadequate or failed internal processes, people and systems, or from external events impacting the operation of a business.

Structural Risks

Refers to the potential for failure or significant damage to a system, organization, or structure due to inherent weaknesses or flaws.