Dave, a Student Who Knits Ski Caps with Tassels, Sells

question 79

Multiple Choice

Dave, a student who knits ski caps with tassels, sells the same number of caps this year as last year, but at 20 percent higher prices. What can we conclude?

• A)He must be better off than last year because his income is higher.
• B)We do not have enough information to tell whether he is better off this year than last year.
• C)He cannot be better off than last year because he sold the same number of caps both years.
• D)He is better off this year only if there was no inflation over the past year.

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Definitions:

Bonus

An additional compensation or reward given to employees over their regular pay, often tied to performance or achievement.

Leadership

The act of guiding or directing a group towards achieving a common goal through influence and inspiration.

Development Priority

The importance assigned to different areas or aspects in the planning of growth or progress.

Emotional Intelligence (EI)

The ability to recognize, understand, and manage our own emotions as well as to recognize, understand, and influence the emotions of others.