Maryann and Don Want to Open Their Own Deli

question 44

Multiple Choice

Maryann and Don want to open their own deli.To do so,Maryann must give up her job,where she earns $20,000 per year,and Don must give up his part-time job,where he earns $10,000 per year.They must liquidate their money market fund,which earns $1,000 in interest annually.The rent on the building is $10,000 per year,and the expenses of necessities such as utilities,corned beef,and pickles are $35,000 annually._____ is the explicit cost per year of operating the deli.

• A)$10,000
• B)$35,000
• C)$45,000
• D)$31,000
• E)$76,000

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Definitions:

Gut Instinct

An intuitive feeling or response lacking a rational basis, often guiding personal decision making.

Visioning

involves creating a clear and compelling description of the future state one aims to achieve.

Strategic Management

The process of planning, monitoring, analyzing, and assessing the needs of an organization to achieve its goals and objectives with a long-term perspective.

Entrepreneurial Perspective

A viewpoint that emphasizes innovation, risk-taking, and the exploitation of opportunities in the creation and management of new ventures.