If Your Tuition Is $5,000 This Semester, Your Books Cost

question 47

Multiple Choice

If your tuition is $5,000 this semester, your books cost $600, you can only work 20 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $3,000 this semester (same as if not attending college) , then your opportunity cost of attending college this semester is

• A) $5,600.
• B) $5,900.
• C) $10,100.
• D) $11,600.

Discriminate between spin-off firms and original firms.

Identify examples of technological breakthroughs from government or university labs.

Understand funding sources for R&D in corporations.

Explain the decision-making process related to R&D investment.

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Definitions:

Venture Creation

The process of conceiving, developing, and bringing a new business or enterprise into existence.

Acquisition Strategies

Plans developed by businesses to successfully buy out or merge with other companies.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services in an economy.

Long-Term Value

The sustained economic worth of an asset, investment, or enterprise beyond the immediate future.