Scenario 13-7 Julia Prepares Tax Returns and Does Bookkeeping. Last Year Her

question 18

Multiple Choice

Scenario 13-7
Julia prepares tax returns and does bookkeeping. Last year her revenues from the tax and bookkeeping business were $150,000, and her expenses for the business were $15,000. When she started her tax and bookkeeping business, Julia gave up her supplemental job doing in-home pet sitting. She used to earn $10,000 per year from pet sitting. Assume that she incurred no costs for her pet sitting business.
-Refer to Scenario 13-7. Julia's implicit costs are

• A)0.
• B)$10,000.
• C)$15,000.
• D)$25,000.

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Definitions:

Core Job Characteristics

Fundamental attributes of a job that influence employees' motivation and satisfaction, including skill variety, task identity, task significance, autonomy, and feedback.

Task Significance

The degree to which a job has a substantial impact on the lives of other people, whether within or outside the organization.

Skill Variety

The extent to which a job requires a variety of different activities in carrying out the work, involving the use of multiple skills and talents of the employee.

Skill Variety

The degree to which a job requires a range of different activities and skills to complete its tasks.