You Are Trying to Estimate the Annual Cost of Setting

question 26

Multiple Choice

You are trying to estimate the annual cost of setting up a branch of an engineering consulting business in Vancouver, based on your experience of running the original business in Halifax. The original business employs 80 engineers, whereas the Vancouver branch will initially employ 15. On the other hand, Vancouver salaries are typically 50% higher than those paid in Halifax. If the annual salary bill for the Halifax office is $9 000 000, give an order of magnitude estimate for the salary bill of the Vancouver office.

• A)$844 000
• B)$1 687 000
• C)$2 400 000
• D)$2 530 000
• E)$2 953 000

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Definitions:

Reconstruction

The period following the Civil War from 1865 to 1877 in the United States, aimed at rebuilding the South and integrating former slaves into society as free citizens.

Education

Education encompasses the process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods such as teaching, training, storytelling, discussion, and directed research.

Civil Rights Act of 1866

The first United States federal law to define citizenship and affirm that all citizens are equally protected by the law, passed in the aftermath of the Civil War.

Presidential Veto

The power of the U.S. President to reject a bill passed by Congress, which can be overridden only by a two-thirds majority in both houses.