Figure 1.3 -Nicky Makes $25,000 a Year as a Sales Clerk. He

question 47

Multiple Choice

Figure 1.3

-Nicky makes $25,000 a year as a sales clerk. He then decides to quit his job to enter a MBA program full-time (assume Nicky doesn't work in the summer or hold any part-time jobs) . His tuition, books, living expenses, and fees total $15,000 a year. Given this information, the annual total cost of Nicky's MBA studies is:

• A)$10,000.
• B)$30,000.
• C)$40,000.
• D)$15,000.
• E)$25,000.

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Definitions:

Noncompetitive Proposals

Bids or offers provided for a contract that are not subject to competitive bidding processes.

Single Contract

A legal agreement between two parties, often used in business, where one set of terms is agreed upon.

Major Benefits

The primary or most significant advantages or positive outcomes associated with a product, service, or action.

Brainstorming Process

A method of generating ideas through spontaneous and unrestrained discussion or thinking.