Josh Has Decided to Take a Course at the Local

question 16

Multiple Choice

Josh has decided to take a course at the local community college that could help him get a promotion at work. The course begins at 5 p.m. and goes until 9 p.m. on Monday nights. Josh normally works until 5 p.m. each day, but because of the drive time to the community college, he will need to leave work at 3 p.m. on class days. Josh currently earns $18.50 per hour. His employer contributes 10% of Josh's gross earnings to a 401(k) retirement plan. If the class meets 16 times, what is Josh's total before-tax opportunity cost for the class?

• A) $592.00
• B) $800.00
• C) $651.20
• D) None

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Definitions:

Asynchronous Interaction

Communication where responses do not occur in real-time, allowing participants to engage according to their own schedule.

Utilitarian Consumption

involves buying and using products based on their practical functionality and utility, rather than for pleasure or aesthetic reasons.

B2B Commerce

Business-to-business commerce involving transactions between companies rather than between a company and individual consumers.

M2M

Machine-to-Machine communication, referring to direct communication between devices using any communications channel, including wired and wireless.