Wendy Leaves Her Job as a Ballet Dancer to Open

question 318

Multiple Choice

Wendy leaves her job as a ballet dancer to open her own dance studio. As a dancer, she earned $54,000 per year. During the studio's first year of business, Wendy paid $3,000 per year for insurance; $2,500 for music and licensing fees; $750 for equipment; and $15,500 for rent and utilities. She received $85,250 in tuition payments. Wendy earns _____ profit.

• A) negative economic
• B) zero economic
• C) normal
• D) positive economic

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Definitions:

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Philosophical Assumptions

Philosophical assumptions are foundational beliefs or concepts that influence how individuals interpret and engage with the world around them.

In-field Practice

Application and exercise of skills and knowledge in a real-world, professional environment relevant to one's field of study or work.

Cultural Background

The culture, including traditions, languages, beliefs, and practices, that a person is raised in or identifies with.