Bill Is Restoring a Car and Has Already Spent $4000

question 223

Multiple Choice

Bill is restoring a car and has already spent $4000 on the restoration.He expects to be able to sell the car for $5800.Bill discovers that he needs to do an additional $2400 of work to make the car worth $5800 to potential buyers.He could also sell the car now,without completing the additional work,for $3800.What should he do?

• A) He should sell the car now for $3800.
• B) He should keep the car since it wouldn't be rational to spend $6400 restoring a car and then sell it for only $5800.
• C) He should complete the additional work and sell the car for $5800.
• D) It does not matter which action he takes since the outcome will be the same either way.

---

Definitions:

Workbook

A file containing one or more spreadsheets, used in programs like Microsoft Excel for organizing data.

Macros

Automated sequences of computer commands or scripts designed to simplify repetitive tasks within software applications.

Encrypt

Changing information or data into a coded format specifically to protect against unauthorized access.

Password

A secret sequence of characters that is used to access a computer system, network, or online account.