Which of the Following Statements Is False

question 177

Multiple Choice

Which of the following statements is false?

• A)An implicit cost is a nonmonetary opportunity cost.
• B)Economic costs include both accounting costs and implicit costs.
• C)An explicit cost is a cost that involves spending money.
• D)Economists consider all costs to be implicit costs.

---

Definitions:

Job Enlargement

Increasing the diversity and number of tasks involved in a job to enhance its complexity and the worker's involvement and satisfaction.

Skill Variety

An aspect of job design that involves the degree to which a job requires a range of different skills and talents.

Empowerment

The process of increasing the capacity of individuals or groups to make choices and transform those choices into desired actions and outcomes.

Learning Orientation

An attitude or approach that emphasizes acquisition of knowledge, skill development, and adapting based on new information.