A College Student Is Thinking About Running an Ice Cream

question 29

Multiple Choice

A college student is thinking about running an ice cream truck over the summer. Which of the following would likely be included in the total cost of the business?

• A)The cost of ice cream cones
• B)The cost of the truck
• C)The opportunity cost of the student's time
• D)All of these would be included in total cost.

---

Definitions:

Training

An educational process aimed at boosting an individual's knowledge, skills, and competencies for a specific purpose.

Desired Performance

The expected or targeted level of proficiency or outcome that a training or developmental program aims to achieve.

Organizational Analysis

A systematic process for obtaining detailed understanding of the functions, structures, processes, and environmental influences affecting an organization.

Corporate Strategy

The overall plan and direction that a company adopts to achieve its long-term goals and objectives, balancing its resources and potential opportunities.