Scenario 12-8 Ellie Has Been Working for an Engineering Firm and Earning

question 222

Multiple Choice

Scenario 12-8
Ellie has been working for an engineering firm and earning an annual salary of $80,000.She decides to open her own engineering business.Her annual expenses will include $15,000 for office rent,$3,000 for equipment rental,$1,000 for supplies,$1,200 for utilities,and a $35,000 salary for a secretary/bookkeeper.Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.
-Refer to Scenario 12-8.According to an economist,which of the following revenue totals will yield Ellie's business $50,000 in economic profits?

• A) $55,200
• B) $100,200
• C) $132,500
• D) $185,700

Recognize the role of conformity and consensus in individual judgment.

Comprehend the process of persuasion and the factors that affect it.

Grasp the impact of first impressions and stereotype expectations on perception.

Analyze the implications of increased funding for social science research.

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Definitions:

Molecular Biology

A branch of biology that focuses on the structure and function of the molecules that make up cells, particularly DNA, RNA, and proteins.

Microbiology

The branch of science concerned with microorganisms and their effects on other living organisms.

Surface Anatomy

The study of the external features of the body and their relationship to deeper structures, as visible to the naked eye without dissection.

Organelle

Specialized structures within a cell, each performing specific functions necessary for the cell's life, such as mitochondria, the Golgi apparatus, and the nucleus.