A Young Chef Is Considering Opening His Own Sushi Bar

question 45

Multiple Choice

A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. The chef's explicit costs are equal to_____.​

• A)$26,000
• B)$66,000
• C)$78,000
• D)$52,000
• E)$72,000

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Definitions:

Behaving Ethically

Acting in ways that are considered morally right and fair in personal and professional settings.

Liden's Servant Leader

A leadership approach characterized by focusing on the growth and well-being of communities and the people within them, as studied and expanded upon by Robert C. Liden.

Empowering

Empowering involves giving individuals or groups the authority, confidence, and resources needed to make decisions, take action, and control their own work or lives.

Defining Characteristic

A quality or feature that distinctively identifies an individual, group, or thing.