Explicit Costs Are Costs That

question 115

Multiple Choice

Explicit costs are costs that:

• A)require a firm to spend money.
• B)are zero when no output is produced.
• C)do not depend on the quantity of output produced.
• D)depend on the quantity of output produced.

Appreciate the need for empathic and client-centered communication strategies.

Comprehend the consequences of inappropriate social worker behaviors, including counterproductive interviewing strategies.

Recognize the importance of adherence to professional standards and ethical guidelines in client interactions.

Understand the types of questions used in social work and their implications.

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Definitions:

Unearned Revenue

Money received by a company for goods or services that have not yet been delivered or performed.

Magazine Subscription

A magazine subscription is an agreement to receive periodic issues of a magazine, usually for a year, in exchange for payment.

Received Payment

Refers to the act of collecting money from a customer as payment for goods or services provided.

Prepaid Expense

Prepayments for products or services that are to be delivered at a later date.