Refer to Scenario 7

question 86

Multiple Choice

Refer to Scenario 7.1 below to answer the question(s) 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. Your economic profit last year was

• A) -$40,000.
• B) -$10,000.
• C) $10,000.
• D) $30,000.

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Definitions:

Telecommuting

Working from a remote location outside of the traditional office environment, typically facilitated by digital communication technologies.

Nontraditional Work Schedule

Employee work schedules that differ from the typical Monday to Friday, 9 to 5 routine.

Remote Location

A place situated far from the main centers of population, often inaccessible or difficult to access.

Free Agents

Independent workers that supply organizations with short-term talent for projects or time-bound objectives.