A Young Chef Is Considering Opening His Own Sushi Bar

question 125

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 storage building he owns and currently rents for $6,000 a year.His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity._____ is the minimum revenue he must earn per year in order for it to be worth his while to open his sushi bar.

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

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Definitions:

Diffusion of Responsibility

A sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present, often leading to a lack of action in group situations.

Ethnic Identity

A person’s identification with a racial or ethnic group.

Self-Concept

An individual's understanding of the self, comprising thoughts and feelings about personal abilities, appearance, and behavior.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a disregard for other cultures.