Bill Gates Dropped Out of College and Founded Microsoft

question 1

Multiple Choice

Bill Gates dropped out of college and founded Microsoft. His opportunity cost of continuing to attend college was

• A) tuition, the cost of books, and room and board.
• B) tuition, the cost of books, and a low-paying job.
• C) tuition, the cost of books, and the income from his Microsoft pursuits.
• D) only the income from his Microsoft pursuits.

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Definitions:

Competitiveness

The ability of a company or country to maintain and gain market share by producing goods or services more effectively than competitors.

Union Power

The collective strength and influence a group of workers has through their union, often used to negotiate working conditions and wages.

Economic Conditions

The state of the economy at a given time, including factors such as inflation rates, unemployment levels, and GDP growth.

Skill Depth

The level of expertise or proficiency an individual has in a specific skill area.