Paul Earns $60,000 as an Engineer,and He Is Considering Quitting

question 25

Multiple Choice

Paul earns $60,000 as an engineer,and he is considering quitting his job and going to graduate school.This $60,000 should be treated as a ____ if Paul runs an NPV analysis of his graduate degree.

• A) sunk cost
• B) opportunity cost
• C) fixed cost
• D) cannibalization cost

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Definitions:

Political Exercise

The activities involved in acquiring and using power in a workplace or organizational setting to achieve one's goals.

Relationship Conflict

The tension, disagreement, or incompatibility between individuals regarding their relationship, not necessarily focused on tasks or goals.

Conflict Management Strategy

A plan of action designed to address and resolve a dispute or conflict in a positive or constructive manner.

Process Conflict

Disagreements among group members about the logistics and delegation of tasks in achieving a common goal.