Darlene Runs a Fruit and Vegetable Stand in a Medium-Sized

question 52

Multiple Choice

Darlene runs a fruit and vegetable stand in a medium-sized community where there are many such stands.Her weekly total revenue equals $2,000.Her weekly total cost of running the stand equals $3,500,consisting of $2,500 of variable costs and $1,000 of fixed costs.An economist would likely advise Darlene to:

• A) shut down as quickly as possible in order to minimize her losses.
• B) keep the stand open because it is generating an economic profit.
• C) keep the stand open for a while longer because she is covering all of her variable costs and some of her fixed costs.
• D) keep the stand open for a while longer because she is covering all of her fixed costs and some of her variable costs.

Grasp the concept of diversity and its importance in strengthening nonprofit organizations.

Acknowledge the legal implications and management practices necessary for the effective utilization of volunteers.

Recognize the role of personal and professional development opportunities in retaining volunteers and staff.

Understand how volunteer motivation and expectations influence volunteer management strategies.

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Definitions:

Regulatory Agencies

Governmental bodies responsible for overseeing and enforcing laws and regulations within specific industries to protect public interest.

Across Cultures Competency

The ability to effectively interact, communicate, and work across different cultures and cultural backgrounds.

Namibia

A country in southern Africa, known for its Namib Desert along the Atlantic Ocean coast.

Political Skill

The ability to effectively understand others at work and use such knowledge to influence others to act in ways that enhance one’s personal or organizational objectives.