When Fixed Costs Are Ignored Because They Are Irrelevant to a Business's

question 142

Multiple Choice

When fixed costs are ignored because they are irrelevant to a business's production decision, they are called

• A)explicit costs.
• B)implicit costs.
• C)sunk costs.
• D)opportunity costs.

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Definitions:

Neurophysiology

The study of the function and activities of the nervous system and its components.

Synapses

The junctions between neurons through which they communicate with each other, using chemical or electrical signals.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Deep Meditation

A profound state of peace and mental clarity achieved through advanced meditation practices, often characterized by altered consciousness.