Bill Gates Dropped Out of College and Founded Microsoft

question 1

Multiple Choice

Bill Gates dropped out of college and founded Microsoft. His opportunity cost of continuing to attend college was

• A) tuition, the cost of books, and room and board.
• B) tuition, the cost of books, and a low-paying job.
• C) tuition, the cost of books, and the income from his Microsoft pursuits.
• D) only the income from his Microsoft pursuits.

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Definitions:

Expert Performance

A high level of skill or knowledge in a particular area that significantly surpasses that of the average person.

Longitudinal Survey

A research design that involves repeated observations of the same variables (such as people) over short or long periods of time to detect changes and developments.

Intelligence Test Scores

Quantitative measures obtained from cognitive tests that assess various mental faculties, including memory, reasoning, and problem-solving skills.

Income

The money received by a person or group for work, from investments, or from various transfer payments.