An Implicit Cost Is

question 116

Multiple Choice

An implicit cost is

• A)any cost a firm cannot avoid in the short run
• B)any expenditure a firm makes
• C)an opportunity cost
• D)accurately measured in accounting statements
• E)ignored by economists

Identify the legal protections and obligations related to off-duty conduct.

Understand the role of arbitration, mediation, and conciliation in employment disputes.

Recognize the importance of statutory rights and implied contract rules for employees.

Grasp the government's role in amending laws to address employment issues.

---

Definitions:

Debt Ratio

A financial ratio that measures the extent of a company's leverage, calculated by dividing total liabilities by total assets.

Company's Risk

Refers to the potential for loss or adverse effects on a company's financial health and operational performance, due to internal or external factors.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest held by shareholders.

Net Income

The conclusive profit figure for a company after all taxes, costs, and expenses are subtracted from its aggregate revenue.