Joe Is Self-Employed in a Store That Has a Rental

question 18

Multiple Choice

Joe is self-employed in a store that has a rental value of $500 a month which he pays, but he can vacate the building without giving notice. His other expenses are $100 a month for maintenance. He makes $25,000 a year on net sales (total revenue minus the wholesale cost of the product) . If he quit his job and worked the same number of hours elsewhere at a job he liked equally well, he estimates that he could make $20,000 a year. No one else can be hired to work in the store. Joe should

• A)quit his job.
• B)keep the job.
• C)work part-time.
• D)It is impossible to say with the information given in the problem.

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Definitions:

Injection Molding

The method of creating parts through the injection of molten substances into a mold.

Capability Index

A statistical tool used to determine the capability of a manufacturing process to meet its specified limits.

Process

A series of actions or steps taken in order to achieve a particular outcome or result.

Capability Index

A statistical measure that quantifies the performance of a process in relation to specified limits or specifications.