Mika Withdraws $100,000 from Her Trust Fund to Start Up

question 12

Multiple Choice

Mika withdraws $100,000 from her trust fund to start up her own manicure business. The trust fund earns 4 percent interest. Which of the following statements is true about her business costs?The $4,000 of interest foregone is an implicit cost.When calculating her accounting profit, she should consider the $4,000 in foregone interest as part of her costs.When calculating her economic profit, she should consider the $100,000 from her trust fund and the $4,000 in foregone interest as part of her implicit costs.

• A)I only
• B)I and III only
• C)II and III only
• D)I and II only

Compare and contrast progressive and positive discipline, highlighting the problem-solving approach in the latter.

Understand the composition and responsibilities of joint health and safety committees.

Identify the regulatory bodies for occupational health and safety within different jurisdictions.

Recognize high-risk work circumstances and occupations with higher rates of workplace violence.

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Definitions:

Internal Attribution

The process of explaining one's own behavior or that of others by attributing causes to internal factors, such as personality or character.

Follower Ability

The competence or skill level of followers that can impact their performance and the extent to which they can be led effectively.

Follower Effort

The level of diligence and hard work exhibited by followers or subordinates in pursuit of goals.

External Attribution

The process of explaining someone's behavior by attributing it to situational factors outside the individual's control.