Last Year Christine Worked as a Consultant

question 117

Multiple Choice

Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (utilities included) for $3,000 per month. Her total revenue for the year was $100,000. If Christine hadn't worked as a consultant, she would have worked at a real estate firm earning $40,000 a year. Last year, Christine's accounting profit was ________ and her economic profit was ________.

• A)$100,000; $64,000
• B)$64,000; $49,000
• C)$49,000; $9,000
• D)$9,000; 0

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Definitions:

Self-promotion

The action of promoting or publicizing oneself or one’s activities, especially in a professional context.

Ingratiation

A social influence strategy used by an individual to make oneself appear more likable or appealing to others.

Job Performance

Job Performance refers to the level to which an employee successfully fulfills the roles, responsibilities, and tasks of their job position.

David McClelland

A prominent psychologist known for his theory on needs, which identifies achievement, power, and affiliation as the three primary motivations driving human behavior.