Sue Is Considering Leaving Her Current Position to Open a Coffee

question 50

Multiple Choice

Sue is considering leaving her current position to open a coffee shop.Sue's current annual salary is $83,000.Annual coffee shop revenue and costs are estimated at $260,000 and $210,000,respectively.What is Sue's opportunity cost of staying at her current work position?

• A) $50,000
• B) $83,000
• C) $210,000
• D) $343,000

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Definitions:

Reverse Flows

The process of moving goods from their final destination back to the vendor or manufacturer for returns, recycling, or disposal.

Non-Value-Added Cost

This refers to expenses that do not contribute to adding value to a product or service from the customer's perspective, often considered for reduction or elimination in efficiency efforts.

Prescriptive Analytics

The aspect of business analytics focused on providing organizations with actionable recommendations and decisions based on data.