(Consider This) an Otherwise Unprofitable Motel Located on a Largely

question 10

Multiple Choice

(Consider This) An otherwise unprofitable motel located on a largely abandoned roadway might be able to stay open for several years by

• A) increasing its nightly room rates.
• B) reducing or eliminating its annual maintenance expenses.
• C) charging room rates that exceed marginal revenue.
• D) eliminating its fixed costs, including its opportunity costs.

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Definitions:

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.

Mood Swings

Rapid and often unexpected changes in emotional state, ranging from feelings of happiness to feelings of sadness or irritability.

Outbursts

are sudden, forceful expressions of emotion or activity, often as a result of pent-up feelings.

Self Management

The process of controlling one's own behavior, emotions, and thoughts in the pursuit of long-term goals.