You Are the Owner and Only Employee of a Company

question 119

Multiple Choice

You are the owner and only employee of a company that repairs computers.Last year,you earned total revenues of $75,000.Your costs for equipment,rent,and supplies were $10,000.To start this business you quit a job at a computer software firm that paid $40,000 a year.During the year,your economic costs were

• A) $10,000.
• B) $40,000.
• C) $50,000.
• D) $75,000.

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Definitions:

Pitch

In music, the quality of a sound governed by the rate of vibrations producing it; the degree of highness or lowness of a tone.

Absolute Threshold

The minimum amount of stimulation needed for a stimulus to be detected by the senses.

Loudness

The subjective perception of the intensity of sound, often associated with the amplitude of sound waves.

Activated Hair Cells

Sensory cells located in the inner ear that are responsible for converting sound vibrations into electrical signals that can be interpreted by the brain.