The Following Is Cost Information for the Creamy Crisp Donut

question 132

Multiple Choice

The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings as a salaried worker = $50,000
Annual lease on building = $22,000
Annual revenue from operations = $380,000
Payments to workers = $120,000
Utilities (electricity,water,disposal) costs = $8,000
Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000
Entrepreneur's forgone interest on personal funds used to finance the business = $6,000
Refer to the data.Creamy Crisp's total economic costs are:

• A) $286,000.
• B) $150,000.
• C) $94,000.
• D) $156,000.

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Definitions:

Experienced Meaningfulness

The feeling employees have of their work being valuable and making a significant impact, contributing to job satisfaction and performance.

Self-determination

A theory emphasizing the role of autonomy, competence, and relatedness in fostering intrinsic motivation and psychological growth.

Empowerment

The process of giving employees autonomy, resources, and capabilities to make decisions and contribute to organizational success.

Confidence

The feeling or belief that one can rely on someone or something; firm trust.