For a College Student Who Wishes to Calculate the True

question 176

Multiple Choice

For a college student who wishes to calculate the true costs of going to college, the costs of room and board

• A) should be counted in full, regardless of the costs of eating and sleeping elsewhere.
• B) should be counted only to the extent that they are more expensive at college than elsewhere.
• C) usually exceed the opportunity cost of going to college.
• D) plus the cost of tuition, equals the opportunity cost of going to college.

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Definitions:

Program Expenses

The costs directly associated with carrying out an organization’s mission-related activities, as opposed to administrative or fundraising expenses.

Permanent Restriction

A binding condition or stipulation that indefinitely limits the use of an asset or the execution of an action.

Philanthropic Gift

A donation made by an individual or an organization to a nonprofit entity, typically for charitable purposes or to support a cause.

Government Grant

financial awards given by governmental bodies to organizations, institutions, or individuals for specific purposes, usually without the expectation of repayment.