Which of the Following Is an Example of an Implicit

question 163

Multiple Choice

Which of the following is an example of an implicit cost?

• A)salaries paid to owners who work for the firm
• B)interest on money borrowed to finance equipment purchases
• C)cash payments for raw materials
• D)foregone rent on office space owned and used by the firm

---

Definitions:

General Adaptation Syndrome

A theory proposed by Hans Selye delineating a three-stage process (alarm, resistance, exhaustion) that describes the physiological changes the body goes through when under stress.

Alarm Reaction

The initial phase in the body's response to stress, characterized by the activation of the sympathetic nervous system and the release of stress hormones.

Exhaustion

A condition of intense mental or physical tiredness, typically caused by excessive stress or overexertion.

Immune System

The complex network of cells, tissues, and organs that work together to defend the body against infection, disease, and foreign substances.