Tammie Makes $150 a Day as a Bank Clerk

question 65

Multiple Choice

Tammie makes $150 a day as a bank clerk.She takes off two days of work without pay to fly to another city to attend the concert of her favourite music group.The cost of transportation for the trip is $250.The cost of the concert ticket is $50.The opportunity cost of Tammie's trip to the concert is:

• A)$300
• B)$450
• C)$500
• D)$600

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Definitions:

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Oil Well Service

A category of services aimed at the maintenance, workover, and completion of oil wells to enhance or maintain their production efficiency.

Activity Variance

The difference between actual activity levels and those projected, affecting budgeted and actual costs.

Total Expenses

The sum of all costs and expenses associated with operating a business.