Jack currently works for a law firm full time and earns $60,000 a year. He is thinking of quitting his job to pursue a medical degree. Medical school will cost him $100,000 per year. If Jack quits his job and goes to medical school, the salary he currently earns would be considered what type of cost?
A. Irrelevant cost
B. Opportunity cost
C. Sunk cost
D. Fixed cost
Answer: B
Business
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Fill in the blank(s) with the appropriate word(s).
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The workload approach is used to determine the type of sales force structure required by a company
Indicate whether the statement is true or false
Business
Ethics is the study of how people should behave.
Answer the following statement true (T) or false (F)
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Jamaal is paid $11 an hour as a cafeteria attendant. Jamaal’s pay is considered ______.
A. benefits B. wages C. salary D. incentives
Business