To complete his business bookkeeping work each month,a business owner spends about 20 hours and in the process,has to give up $900 in income.If he hired a bookkeeper to do the work,the job would be completed in 15 hours and would cost him $600.Should the owner hire the bookkeeper or continue to do the work himself?

Question

Quizplus · Accepted Answer

The bookkeeper completes the work in fewer hours (15 vs. 20) and at a lower cost ($600 vs. $900 in forgone income), demonstrating an absolute advantage in both time and cost efficiency.

To Complete His Business Bookkeeping Work Each Month,a Business Owner