Sally Owns a Small Business That She Operates in a Small

question 31

Multiple Choice

Sally owns a small business that she operates in a small building she owns.Given the information in Exhibit 7­1, Sally's economic profit is

• A)$80,000
• B)$50,000
• C)$65,000
• D)$35,000
• E)$24,000

---

Definitions:

Supply Chain Map

A graphical representation that details the steps involved in moving a product from supplier to customer, including all intermediary phases such as procurement, manufacturing, and distribution.

Internal Processes Perspective

A component of the Balanced Scorecard that emphasizes improving internal operations and processes to meet business goals and customer expectations.

Customer Returns

Goods returned to a seller by the purchaser due to defects, dissatisfaction, or other reasons.

Financial Perspective

A viewpoint focusing on how well a company is performing financially, often measured through financial metrics and goals.