A Business Owner Makes 50 Items a Day

question 37

Multiple Choice

A business owner makes 50 items a day.Each day he/she contributes 8 hours to produce those items.If hired,elsewhere he/she could have earned $10 an hour.The item sells for $10 each.Production does not stop during weekends.If the explicit costs total $10,000 for 30 days,the accounting profit for the month equals:

• A)$1,760
• B)$2,240
• C)$11,760
• D)$5,000

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Definitions:

Serve First

Advocates for a leadership philosophy centered around serving others before oneself, emphasizing the importance of putting employees' needs, development, and well-being ahead of personal gains or organizational goals.

Lead Second

The position or role of supporting leadership by providing feedback, direction, and assistance to the primary leader or team.

Ethical Leadership

The practice of leading by demonstrating ethical behavior, and making decisions that reflect fairness, honesty, and respect for others.

Immediate Supervisor

The person who has direct authority over an employee and is responsible for managing their performance and day-to-day activities.