QQuestionBusiness Management
QuestionBusiness Management
What is a positive return on investment for higher education?
A. Happens when you get a really good scholarship and discounts on tuition.
B. Happens when the costs of higher education are less than you expected.
C. Is when you land a job after graduating.
D. Is when your earnings potential is higher than the cost of your education.
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Answer
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Step 1I'll solve this problem step by step, focusing on the economic concept of return on investment (ROI) for higher education.
Step 2: Understand the Concept of Return on Investment (ROI)
ROI is a performance measure used to evaluate the efficiency of an investment. In the context of higher education, it compares the potential financial benefits of a degree against its total cost.
Final Answer
Is when your earnings potential is higher than the cost of your education. Key Insights: - ROI in education is about long-term financial gain - Consider total costs (tuition, books, opportunity costs) - Compare against potential increased lifetime earnings - Higher education should be viewed as an investment, not just an expense
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