Suppose You Have Purchased a Nonrefundable Plane Ticket And,at the Last

question 28

Multiple Choice

Suppose you have purchased a nonrefundable plane ticket and,at the last moment,cannot take the trip.You can,however,sell the ticket.If you paid $700 for the ticket,the cost of sending the ticket to someone through overnight mail is $20,and you spend $10 on a courier to get the ticket to the post office for overnight delivery,what is the minimum you should accept for the ticket?

• A)$700 because that is what the ticket cost
• B)$720 because that is the cost of the ticket and of getting it to the buyer
• C)$730 because that is the total cost of the ticket and getting it to the buyer
• D)More than $730,so that you can make a profit
• E)$30 because the $700 is a sunk cost

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Definitions:

Outstanding Performance

A level of productivity or achievement that significantly exceeds the established standards or expectations.

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Positions that are highly noticeable, both within and outside an organization, often due to their influence, publicity, or critical nature.

Change-Oriented Behavior

Actions that are aimed at facilitating or achieving change within an organization or society.

Innovative Thinking

The process of generating new and creative ideas to solve problems or create value in novel ways.