Which of the Following Is NOT an Example of Explicit

question 53

Multiple Choice

Which of the following is NOT an example of explicit costs?

• A) Wages paid to workers.
• B) Personal savings of the owner,invested in the firm.
• C) Salaries paid to management.
• D) Fees paid for maintenance of the firm's Web site.
• E) Office space rent.

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Definitions:

Cash Flows

The sum total of monetary transactions incoming and outgoing in a firm, crucially affecting its short-term financial health.

BAT Model

Behaviorally Anchored Rating Scale (BARS) Model used for evaluating performance by comparing specific behavioral examples of performance against a scale of performance levels.

Constant Cash Outflow

A fixed amount of money paid out by a company at regular intervals, typically for operating expenses or loan repayments.

Fixed Cost

Fixed costs are business expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.