After Graduating from High School,Steve Had the Following Three Choices

question 169

Multiple Choice

After graduating from high school,Steve had the following three choices for his immediate future,listed in order of preference: (1) attend our campus, (2) work in a printed circuit board factory,or (3) attend a rival college.His opportunity cost of going to college here includes which of the following?

• A) The cost of books and supplies at the rival college
• B) The income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition,textbooks,etc. )
• C) The benefits he could have received from going to the rival college
• D) Only the tuition and fees paid for taking classes here
• E) Cannot be determined from the information given

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Definitions:

Unlimited Life

A financial concept that assumes a corporation can continue in operation indefinitely, without a predetermined closure or liquidation date.

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The U.S. Securities and Exchange Commission (SEC) is a federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Accounting Principles

Fundamental concepts and guidelines for financial reporting and accounting practices, including the consistency, relevance, reliability, and comparability of financial statements.