Refer to Scenario 7

question 53

Multiple Choice

Refer to Scenario 7.2 below to answer the questions that follow.
SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year.
-Refer to Scenario 7.2. A yearly normal rate of return for your company is

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

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Definitions:

Professional Will

A document or plan that outlines how one’s professional responsibilities and tasks should be managed in their absence, ensuring continuity and accountability.

Ambition

The strong desire to achieve success, often requiring determination and hard work.

Innovation

The act or process of introducing new ideas, devices, or methods to improve or make significant contributions to fields or industries.

Questioning Attitude

The habit of consistently asking questions to gain deeper understanding, encourage critical thinking, and challenge assumptions.