Frank Is Considering Transportation Modes to a Client's Office

question 72

Multiple Choice

Frank is considering transportation modes to a client's office. He can drive his own car, at an incremental cost of $0.55 per km, or take a company car. If he takes his own car, he can be reimbursed $0.45 per km. If Frank makes his decision strictly from his personal economic point of view, what is the relevant net cost associated with driving his own car?

• A)$0.10
• B)$0.45
• C)$0.55
• D)Some other amount

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Definitions:

Utilitarianism Principle

An ethical theory that posits the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Big Five

A personality model that identifies five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Dimensions

Broad categories used to describe and differentiate individuals' patterns of thought, feeling, and behavior.

CANOE

Stands for the personality dimensions of Conscientiousness, Agreeableness, Neuroticism, Openness to Experience, and Extraversion, used in psychology to describe human personality.