Mark Is an Engineer Who Has Designed a Telecommunications Device

question 54

Multiple Choice

Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.
-The salary that Mark earns at his present employ is:

• A) a variable cost
• B) a fixed cost
• C) a product cost
• D) an opportunity cost

---

Definitions:

E-mails

Electronic messages sent over a computer network, typically the internet, from one user to another.

SWOT Analysis

A tool for strategic planning that helps in identifying the Strengths, Weaknesses, Opportunities, and Threats associated with competition in business or planning of projects.

Constant Reminder

A persistent cue or notification designed to keep a particular idea, goal, or task at the forefront of one’s attention.

Strengths

Refers to the internal attributes and resources that support a successful outcome.