Sonja Owns a Business That Pays Her a Salary of $50,000

question 43

Multiple Choice

Sonja owns a business that pays her a salary of $50,000 plus the potential for future profits.She is considering an offer for a top management position with another firm at a salary of $75,000 per year.

• A) She should accept the management position because she would earn more income with the other firm.
• B) She should refuse the management position because,despite the higher salary,the future profits from her current business will be greater.
• C) A cost-benefit analysis of her decision should include an opportunity cost of $75,000.
• D) A cost-benefit analysis of her decision should not include an opportunity cost of $75,000 because her current salary plus future profits could be greater than the salary offered by the other firm.
• E) A cost-benefit analysis of her decision should include an average cost of $75,000.

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Definitions:

XIC Instruction

A "Examine if Closed" instruction in PLC programming, used to check if a specific condition or input is true.

XIO Instruction

"Examine if Open" instruction in PLC programming, used to check if a Boolean input condition is false before executing the subsequent logic.

Series Contact Instructions

Guidelines or directives related to the configuration or wiring of electrical contacts in a series circuit arrangement.

Ladder Logic

A programming language used to program programmable logic controllers (PLCs), visually resembling the schematic diagrams of relay logic hardware.