The Balance in Your Checkbook Is -$35

question 22

Multiple Choice

The balance in your checkbook is -$35. If you make a deposit of $66, and then write a check for $20, what is the new balance?

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Definitions:

Opportunity Cost

The cost of foregoing the second-best option when making a decision, representing the benefits that could have been received by taking a different action.

Make-Or-Buy Decision

A decision-making process used by businesses to determine whether to produce goods in-house or purchase them from an external supplier.

Cost Recovery

The process of recouping the costs of an investment, expense, or other outlay of funds, often related to capital projects, taxes, or legal judgments.

Investment

The allocation of resources, usually money, into assets or projects expected to generate future profits or income.