Stan Buys a 1966 Mustang, Which He Plans to Restore

question 159

Multiple Choice

Stan buys a 1966 Mustang, which he plans to restore and sell. He anticipates that the cost of the car and the repairs will be $8,000 and that he can sell it for $10,000. When he has spent $7,000, he discovers he needs to replace the engine, which will cost $4,000. He can sell the car without the new engine for $9,000. What should Stan do?

• A)complete the repairs and sell the car for $10,000
• B)cut his losses and sell the car now for $9,000
• C)never try such an expensive project again
• D)be totally indifferent between finishing the project and selling the car now

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Definitions:

Tension-Cohesion Model

A model explaining the movement of water through plants, based on water molecule cohesion and tension within xylem vessels, enabling water transport from roots to leaves.

Water Potential

A measure of the potential energy in water, driving the movement of water through plant tissues and determining the direction of its flow.

Cohesion

The action or property of like molecules sticking together, being mutually attractive, which is observed in various physical phenomena such as water droplets forming on a surface.

Water Molecules

The smallest unit of water, consisting of two hydrogen atoms bonded to one oxygen atom, essential for life's processes.