Nicky Makes $25,000 a Year as a Sales Clerk

question 42

Multiple Choice

Nicky makes $25,000 a year as a sales clerk.He then decides to quit his job to enter an MBA program full-time (assume Nicky doesn't work in the summer or hold any part-time jobs) .His tuition,books,living expenses,and fees total $15,000 a year.Given this information,the annual total cost of Nicky's MBA studies is:

• A)$10,000.
• B)$30,000.
• C)$40,000.
• D)$15,000.
• E)$25,000.

---

Definitions:

Autonomy

The capacity and right of individuals to make their own choices and decisions independently, often associated with self-determination and freedom.

Private Property

Land or belongings owned by individuals or entities, not by the government or public.

Costs

Costs refer to the expenses incurred in the production of goods or the delivery of services, or the sacrifices made in engaging in an activity.

Cohabitation

The scenario of living with someone and participating in intimate relations without the formal commitment of marriage.