Recall the Application About Jasper Johns and House Painting to Answer

question 33

Multiple Choice

Recall the Application about Jasper Johns and house painting to answer the following question(s) . In this Application, it is assumed that Johns can earn $5,000 per day by painting works of art, and therefore should hire a house painter who charges $150 per day, and takes 10 days, to paint his house.
-Based on the Application, Jasper Johns' daily earnings are 33.33 times more than the house painter's daily earnings. If Jasper Johns' earnings per day were only twice as much as the house painter's earnings, what should he do?

• A) He should still hire the house painter to paint his house.
• B) He should paint his house himself.
• C) He should hire a less productive house painter.
• D) He should remain indifferent as to who paints the house, for the difference in daily earnings would now be much less significant.

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Definitions:

Supervision

The act of overseeing or managing the activities and performance of individuals or groups to ensure compliance, efficiency, and quality.

Audit Committee

A subcommittee of a company's board of directors responsible for overseeing the financial reporting process, audits, and compliance with laws and regulations.

Financial Records

Documents that detail the income, expenses, assets, liabilities, and other financial activities of an individual or organization.

Corporate Duties

Responsibilities and obligations that members of a corporation, typically directors and officers, are required to follow in the interest of the corporation.