Last Year Christine Worked as a Consultant

question 56

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. For Christine to earn a normal profit as a consultant, her accounting profit would have to be ________.

• A)$51,000
• B)$40,000
• C)$9,000
• D)$0

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Definitions:

Lateral Gene Transfer

The non-inheritance transmission of genetic material between different species, contributing to genetic diversity and evolution.

Vertical Gene Transfer

The transmission of genetic information from parent to offspring through sexual or asexual reproduction.

Conjugal Gene Transfer

A process in bacteria where genetic material is transferred between bacterial cells through direct contact.

Binary Fission

A method of asexual reproduction seen in prokaryotic organisms and some single-celled eukaryotes, where a cell divides into two genetically identical daughter cells.