The Value of a Business Owner's Time Is an Example

question 395

Multiple Choice

The value of a business owner's time is an example of

• A)an opportunity cost.
• B)a fixed cost.
• C)an explicit cost.
• D)total revenue.

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Definitions:

Amphibian

A cold-blooded vertebrate animal that is born in water and breathes with gills, but develops lungs and lives on land as an adult.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, typically measured in the arteries.

Circulatory System

The body system consisting of the heart, blood, and blood vessels, responsible for transporting oxygen, nutrients, and other substances throughout the body.

Returns

In a financial context, the profit or loss derived from an investment over a specified period of time, often expressed as a percentage of the investment's initial cost.