Examlex

Solved

Kevin Has a Lot of Free Time,and He Decides to Pick

question 76

Essay

Kevin has a lot of free time,and he decides to pick up a new hobby.He has two options-he can take art classes or sign up for cooking classes.He estimates that the art classes would cost him $70 and would provide him with a benefit of $100.In contrast,the cooking classes would cost him $120 but provide him benefits worth $160.Use cost-benefit analysis to arrive at the optimum choice for Kevin.


Definitions:

Pink Slip

A notice of dismissal from employment, often provided in a literal or symbolic "pink slip" of paper.

Representation Election

An election held, typically in a workplace, to determine whether the majority of employees wish to be represented by a union for purposes of collective bargaining.

No Solicitation Policies

Workplace rules or policies prohibiting employees from soliciting, whether for sales, charity, or support for a cause, during work hours and within the work environment.

Girl Scout Cookies

A fundraising program run by the Girl Scouts of the USA, where Girl Scouts sell cookies to support their troop's activities and community projects.

Related Questions