Mark Is an Engineer Who Has Designed a Telecommunications Device

question 229

Multiple Choice

Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.The salary that Mark earns at his present employ is:

• A) a variable cost
• B) a fixed cost
• C) a product cost
• D) an opportunity cost

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Definitions:

Non-white

A term used to describe individuals who do not identify as white, encompassing a diverse range of racial and ethnic backgrounds.

Power

Power is the capacity or ability to direct or influence the behavior of others or the course of events, often rooted in control over resources, authority, or social structures.

Business Case

A documented argument or rationale presented to justify a business project or investment, detailing the benefits, costs, and risks.

Diversity

The inclusion of different types of people (such as people of different races, cultures, genders, etc.) in a group or organization.