College-Age Athletes Who Drop Out of College to Play Professional

question 96

Multiple Choice

College-age athletes who drop out of college to play professional sports

• A)are not rational decision makers.
• B)are well aware that their opportunity cost of attending college is very high.
• C)are concerned more about present circumstances than their future.
• D)underestimate the value of a college education.

---

Definitions:

Gross Earnings

The total income earned by an individual or business before any deductions or taxes.

Commission Rate

The percentage of a sale price paid to the salesperson or agent responsible for the transaction.

Monthly Quota

Monthly Quota is a specified, quantifiable goal that a person or organization is expected to reach within a month, often used in sales and production.

Gross Pay

Gross Pay refers to the total amount of money earned by an employee before any deductions are made for taxes, benefits, or other withholdings.