Last Year Christine Worked as a Consultant

question 125

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. Christine's opportunity cost of working as a consultant last year was ________.

• A)$15,000
• B)$51,000
• C)$40,000
• D)$36,000

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Definitions:

Environmental Strategy

A plan of action aimed at managing the impact of an organization's activities on the natural environment.

Functional Strategy

Detailed plans aimed at achieving the strategic objectives set for specific departments or functions within an organization.

Strategic Intent

A company's clear and concrete aim to achieve a specific goal or set of objectives, guiding its strategy and actions.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, inspiring followers to exceed their own interests for the good of the group or organization.