An Example of an Explicit Cost Is

question 16

Multiple Choice

An example of an explicit cost is:

• A) a payment on a loan for a computer.
• B) the savings interest lost by investing $10,000 in capital instead of saving the money.
• C) forgone wages.
• D) the opportunity cost of a $50,000 investment into a building.
• E) the amount of money you could receive for renting a company truck to another business.

---

Definitions:

Ethical

Ethical refers to principles that define behavior as right, good, and proper, often applied in moral philosophy or professional standards.

Ethical Relativism

The belief that morals are not absolute but vary with different societies and cultures.

Morality

Pertains to the principles concerning the distinction between right and wrong or good and bad behavior.

Relative

A person connected to another or others by blood or marriage, or a concept that is considered in relation or proportion to something else.