Based on the Idea of Opportunity Cost, Which of the Following

question 104

Multiple Choice

Based on the idea of opportunity cost, which of the following students would be most likely to drop out of college before completing their degree?

• A) a senior mathematics major with a solid B average
• B) a junior physical therapy student who has just read about the fantastic job offers available to students with degrees in her area
• C) a star college football player in his junior year that just received a $5 million offer from a professional team
• D) a junior economics major who wants to attend graduate school

Differentiate between discriminating based on skin color and recognizing differences.

Understand Carol Dweck's concept of fixed and growth mindsets.

Explain the role of adults in supporting the development of high self-esteem and a growth mindset in children.

Explain the concept of life scripts and their impact on individuals.

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Definitions:

Gross Profit

The earnings a company retains after subtracting the expenses related to the production and sale of its goods or the delivery of its services.

Inventory Cost

Inventory cost refers to the total cost associated with acquiring, storing, and managing a company's inventory, including purchase costs, carrying costs, and any spoilage or shrinkage.

Physical Inventory

An actual count of all merchandise or stock on hand at a specific time.

Retained Earnings

Accumulated net income after dividends that is reinvested into the company rather than distributed to shareholders.