Bill Is Restoring a Car and Has Already Spent $4000

question 223

Multiple Choice

Bill is restoring a car and has already spent $4000 on the restoration.He expects to be able to sell the car for $5800.Bill discovers that he needs to do an additional $2400 of work to make the car worth $5800 to potential buyers.He could also sell the car now,without completing the additional work,for $3800.What should he do?

• A) He should sell the car now for $3800.
• B) He should keep the car since it wouldn't be rational to spend $6400 restoring a car and then sell it for only $5800.
• C) He should complete the additional work and sell the car for $5800.
• D) It does not matter which action he takes since the outcome will be the same either way.

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Definitions:

Final Remarks

The concluding statements in a speech, presentation, or piece of writing, often summarizing the main points or expressing a final opinion.

Clarity and Confidence

The quality of being easily understood and the assurance in one's abilities or beliefs.

Final Introduction

The last part of a presentation or document that sets the stage for the main content or conclusion, often summarizing key points.

Planning Outline

A structured list or framework used to organize the major points and elements of a project or document before execution.