Paula Has the Following Information to Evaluate-Her Current Salary of $59,000

question 28

Multiple Choice

Paula has the following information to evaluate-her current salary of $59,000 versus total revenues of $170,000 and expenses of $76,000 from starting a new business. How much is the opportunity cost associated with starting the new business?

• A)$59,000
• B)$170,000
• C)$94,000
• D)$76,000

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Definitions:

Initial Option

The first choice or course of action that is considered before any alternatives are explored.

Critically Analyze

The process of rigorously examining or evaluating something in detail, often to form a judgment or understanding.

Brainstorming

A method for generating creative ideas and solutions through spontaneous and freewheeling group discussion.

Bringing Into Existence

The act of creating or bringing something new into being.