Use the Following to Answer Questions

question 23

Multiple Choice

Use the following to answer questions :
Scenario: Betty's Cookie Shop
Betty runs a cookie shop where she sells cookies for $1 each.She employs five people,each of whom worked a total of 500 hours last year;she paid them $10 per hour.Her costs of equipment and raw materials add up to $75 000.Her business ability is legendary,and other companies have offered to pay Betty $100 000 to come to work for them.She also knows she could sell her cookie shop for $150 000.The bank in town pays an annual interest rate of 3% on all funds deposited with it.
-(Scenario: Betty's Cookie Shop) Use Scenario: Betty's Cookie Shop.Betty's implicit and explicit costs are equal to:

• A) $80 000.
• B) $184 500.
• C) $204 500.
• D) $100 000.

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Definitions:

Observation

A method of gathering data or gaining insight by meticulously watching and noting the occurrences or behaviors in a particular setting.

Team Task Analysis

A systematic evaluation of the tasks performed by a team, aimed at understanding the requirements, processes, and goals to optimize team performance and efficiency.

Traditional Task Analysis

A method for studying the tasks necessary for job performance, often used in designing training or improving efficiency.

Task Coordination

The process of organizing and managing tasks and activities to ensure they are completed effectively and efficiently in accordance with objectives.