Congratulations! You Have Been Hired to Teach Psychology at the University.During

question 99

Essay

Congratulations! You have been hired to teach psychology at the university.During the first week of classes,a student stops by your office and tells you,"I'm thinking of becoming a psychology major,but I don't think I want to be a therapist.What else can I do with a psychology degree?" Briefly summarize four of the many options available.

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Definitions:

Residual Income

Residual Income (RI) is the net income an organization generates beyond the minimum rate of return on its investments.

Operating Assets

Assets that are used in the day-to-day operations of a business to generate income, including both current and long-term assets.

Net Operating Income

A financial metric that calculates a company's profitability by subtracting operating expenses from its total revenue, excluding taxes and interest.

Residual Income

The amount of income that an individual has after all personal debts and expenses have been paid.