Explicit Costs

question 499

Multiple Choice

Explicit costs

• A)do not require an outlay of money by the firm.
• B)enter into the accountant's measurement of a firm's profit.
• C)enter into the economist's measurement of a firm's profit.
• D)Both b and c are correct.

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Agreeableness

Refers to a personality trait characterized by warmth, kindness, cooperation, and a tendency to avoid conflict.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability.

Neuroticism

A personality trait characterized by moodiness, worry, anxiety, and emotional instability.