You Currently Work as a School Bus Driver

question 68

Multiple Choice

You currently work as a school bus driver. Your salary is $28,000 per year. You are thinking about quitting your job and going back to college. It will take you two years to obtain your college degree. Tuition and other costs of the education will total $24,000. You also intend to keep your car by making the $250 per month payments out of your savings. How much is the opportunity cost of going to college?

• A) $28,000
• B) $52,000
• C) $56,000
• D) $62,000

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Definitions:

Limited Liability Companies

Business entities that offer their owners limited personal liability for the debts and actions of the company while enabling profit distributions.

Poison Pill

A strategy employed by companies to thwart hostile takeovers by making their stock less attractive to potential acquirers.