Which of the Following Would Be an Example of an Implicit

question 8

Multiple Choice

Which of the following would be an example of an implicit cost? (i)
Forgone investment opportunities
(ii)
Wages of workers
(iii)
Raw materials costs

• A)(i) only
• B)(ii) only
• C)(ii) and (iii) only
• D)(i) and (iii) only

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Definitions:

Problem/Causes/Solution Pattern

A method of organizing information in communication that identifies issues, their reasons, and proposed fixes.

Symptoms

Signs or indications of the existence of a problem, illness, or specific condition.

Solutions

Answers or methods for solving a problem or dealing with a difficult situation.

Hostile

Displaying or characterized by antagonism or opposition; often refers to takeovers in business where the acquiring company makes an offer directly to shareholders, bypassing the target company's management.