Use the Following Scenario to Answer the Following Questions

question 152

Multiple Choice

Use the following scenario to answer the following questions:
Babak owns a sports practice facility called Boston Batting Cages in Boston,Massachusetts.During the first year of operation,Boston Batting Cages incurred many costs.In that year,Babak spent $5,000 on labor,$2,000 on maintenance,and $1,000 on electricity.Babak took out a loan to open his business,in which he would have earned $1,500,and his previous job,which he could get back at any time,paid him $50,000.
-If Boston Batting Cages received $80,000 in revenues,what were the economics profits?

• A) $20,500
• B) $72,000
• C) $51,500
• D) $80,000
• E) $50,000

---

Definitions:

Best Employers

Companies recognized for exemplary workplace practices, employee benefits, and positive organizational culture, often leading to high employee satisfaction and retention.

Performance Expectations

The standards or criteria established by an organization or supervisor against which an individual's work is evaluated.

Reward And Recognition Practices

Organizational strategies for acknowledging and rewarding employees' efforts and achievements to motivate and engage them.

Senior Leaders

High-ranking executives within an organization responsible for making significant decisions, setting strategic directions, and ensuring overall organizational success.