Mary Is Considering Leaving Her Current Position to Open an Ice

question 12

Multiple Choice

Mary is considering leaving her current position to open an ice cream shop.Mary's current annual salary is $77,000.Annual ice cream shop revenue and costs are estimated at $260,000 and $210,000,respectively.What is Mary's annual opportunity cost of starting the ice cream shop?

• A) $50,000
• B) $77,000
• C) $210,000
• D) $260,000

---

Definitions:

Amazon

An American multinational technology company primarily focused on e-commerce, cloud computing, digital streaming, and artificial intelligence, one of the world's largest online marketplaces.

Unstructured Format

Data or information that does not follow a predefined model, making it more complex to analyze and interpret.

Organization's Memory

Refers to the accumulated knowledge, data, and information that an organization possesses, which can be used for decision-making, strategy, and maintaining a competitive edge.

Organizational Business Processes

The collection of structured activities or tasks that produce a specific service or product for an organization's customers.