Implicit Costs Can Be Defined as

question 100

Multiple Choice

Implicit costs can be defined as

• A)accounting profit minus explicit cost.
• B)the non-monetary opportunity cost of using the firm's own resources.
• C)the deferred cost of production.
• D)total cost minus fixed costs.

---

Definitions:

Ball Corporation

A multinational company known for its production of aluminum packaging for beverages, personal care, and household products, as well as aerospace technology.

Ball Corporation

A corporation known for its production of cans and other containers, and its involvement in aerospace manufacturing and technologies.

Reflective Speech

The process of thinking about and analyzing one's own thoughts and expressions in dialogue, often to understand or convey deeper meanings.

Client-Centered Therapy

Also called Rogerian therapy or nondirective therapy, a form of humanistic therapy, developed by Rogers, in which the therapist provides a warm, supportive atmosphere to improve the client’s self-concept and to encourage the client to gain insight into problems.