Refer to the Accompanying Scenario to Answer the Following Questions

question 119

Multiple Choice

Refer to the accompanying scenario to answer the following questions:
Dave's Batting Cages is located in Boston, Massachusetts. During the first year of operation, Dave's Batting Cages incurred many costs. In that year, Dave spent $5,000 on labor, $2,000 on maintenance, and $1,000 on electricity. Dave took out a loan to open his business, in which he would have earned $1,500. His previous job, which he could get back at any time, paid him $50,000.
-Dave's Batting Cages incurred ________ in explicit costs.

• A) $9,500
• B) $7,000
• C) $51,500
• D) $8,000
• E) $50,000

Comprehend expectancy-value theory and its impact on goal setting and achievement.

Identify methods researchers use to increase self-awareness and their implications.

Differentiate between emotions such as guilt and shame in the context of self-awareness.

Describe self-discrepancy theory and its different views of the self.

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Definitions:

Open-book Management

A management approach where companies share financial and operational information with all employees to involve them in decision making.

Empower Employees

The process of giving staff members the authority, tools, and information they need to make decisions and contribute to the company's success.

Financial Reports

Official records that detail a company's financial performance over a specified period, including income statements, balance sheets, and cash flow statements.

Compressed Work-week

An alternative work schedule that allows employees to work their full required hours within fewer days per week, often resulting in longer daily hours but a shorter workweek.