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

question 33

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. Suppose that the store owner gave Joe the store. Now what should he do?

• 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:

Behavioral

Relates to the actions or reactions of an individual or group in response to external or internal stimuli.

Humanistic

Relates to a psychological perspective that emphasizes the personal worth of the individual and the centrality of human values.

Family Therapy

A psychological counseling method that aims to address and improve the interactions and relationships within a family unit.

Desensitization

A therapeutic technique aimed at reducing the emotional response to a feared object or situation, commonly used in treating phobias.