Refer to Scenario 7

question 23

Multiple Choice

Refer to Scenario 7.1 below to answer the questions that follow.
SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year.
-Refer to Scenario 7.1. A yearly normal rate of return for your computer software firm would be

• A) $20,000.
• B) $40,000.
• C) $60,000.
• D) $100,000.

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Definitions:

African-Americans

Citizens of the United States with total or partial ancestry from any of the black racial groups of Africa.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, designed to help the country recover from the Great Depression.

Marian Anderson

A celebrated American contralto, renowned for her extraordinary vocal range and versatility, as well as her groundbreaking role as an African American artist in the mid-20th century.

Mary McLeod Bethune

An African American educator and civil rights leader who founded the National Council of Negro Women and played a significant role in the New Deal government.