A Middle-Aged Manager with a Bachelor's Degree in Business Loses

question 157

Multiple Choice

A middle-aged manager with a bachelor's degree in business loses his job. After 18 months of unemployment, he decides to return to school to improve his IT skills; a scholarship provides tuition. Which statement is TRUE regarding the rate of return on his additional training?

• A) The rate of return will be reduced due to the scholarship and the high opportunity cost of his time because of his degree.
• B) Because he is unemployed, the opportunity cost of his time is low, which will increase the rate of return on his IT training.
• C) The rate of return is higher because his age means he will have fewer working years after his training than a younger student will have.
• D) Completing the IT training will ensure that he is able to find work in the future.

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Definitions:

Constitution

The fundamental principles and established precedents according to which a state or other organization is governed.

Tyranny

The oppressive and cruel use of power by a ruler or governing body, often without the consent of the governed.

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An armed uprising in Western Massachusetts in 1786-1787, led by Daniel Shays, protesting fiscal policies and perceived economic injustices.

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