Refer to Scenario 9

question 217

Multiple Choice

Refer to Scenario 9.5 below to answer the question(s) that follow.
SCENARIO 9.5: Investors put up $520,000 to construct a building and purchase all equipment for a new restaurant. The investors expect to earn a minimum return of 10 percent on their investment. The restaurant is open 52 weeks per year and serves 900 meals per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly) . Included in the fixed costs is the 10% return to the investors and $1,000 per week in other fixed costs. Variable costs include $1,000 in weekly wages and $600 per week for materials, electricity, etc. The restaurant charges $3 on average per meal.
-Refer to Scenario 9.5. The weekly economic profit is

• A) $1,000.
• B) $0.
• C) -$900.
• D) -$3,600.

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Definitions:

Work Performance

The evaluation of how efficiently and effectively an individual or group completes tasks and achieves goals at work.

Employment Situations

The various conditions or scenarios relating to an individual's job status, including full-time, part-time, unemployed, or self-employed statuses.

Petty Difference

Small, insignificant disagreements or variations that are minor in the context of the larger situation.

Coworker's Theft

The act of stealing or taking without permission assets or resources by an individual from their place of employment or colleagues.