Consider Frank's Decision to Go to College

question 53

Multiple Choice

Consider Frank's decision to go to college.If he goes to college,he will spend $21,000 on tuition,$11,000 on room and board,and $1,800 on books.If he does not go to college,he will earn $16,000 working in a store and spend $7,200 on room and board.Frank's cost of going to college is

• A)$33,800.
• B)$42,600.
• C)$49,800.
• D)$57,000.

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Definitions:

Management Major

An academic concentration focusing on teaching students leadership, planning, and organizational skills needed to manage businesses and organizations.

Failure Rate

Measures the frequency at which an engineered system or component fails, expressed in failures per unit of time.

Graduation

The act of completing a course of study at an educational institution, usually marked by a ceremony to recognize academic achievement.

Small Businesses

Businesses with limited revenue and number of employees, distinct from medium-sized and large enterprises.