Scenario 13-9 Ellie Has Been Working for an Engineering Firm and Earning

question 43

Multiple Choice

Scenario 13-9
Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides to open her own engineering business. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.
-Refer to Scenario 13-9. Ellie's annual economic costs will equal

• A)$55,200.
• B)$75,200.
• C)$80,500.
• D)$135,700.

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Definitions:

Creative Intelligence

The cognitive ability to produce new ideas, come up with innovative solutions, and think outside the box.

Overly Simplistic

Overly simplistic refers to an explanation, model, or approach that fails to consider the complexity or nuances of the subject matter, leading to a superficial understanding.

Thurstone

Louis L. Thurstone is known for his contributions to psychology, notably in the development of psychometrics and the theory of multiple intelligences.

Spearman

Charles Spearman, a psychologist known for his work in statistics and as the proponent of the g factor theory of intelligence.