Which of the Following Would Be Considered an Implicit Cost

question 234

Multiple Choice

Which of the following would be considered an implicit cost of operating a business?

• A)shipping expenses
• B)Social Security contributions for employees
• C)the resale value of delivery vans the company owns and uses for its deliveries
• D)interest payments on a loan

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Definitions:

Effectiveness of Punishment

The degree to which punishment successfully modifies behavior, often debated in psychology regarding its influences on behavior and learning.

Undesirable Behavior

Actions or responses that are considered inappropriate, harmful, or not in alignment with social norms or personal goals.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first alone.

Reinforcement

In behavioral psychology, a process in which a behavior is strengthened by the outcome that follows, whether it's positive (reward) or negative (removal of an undesirable stimulus).