Which of the Following Is an Example of an Implicit

question 80

Multiple Choice

Which of the following is an example of an implicit cost a firm might incur?

• A)the out-of-pocket expense to hire resources
• B)taxes owed to the state and Federal governments
• C)the rental value of the office space the company owns and uses for itself
• D)the revenue a firm generates in using its resources

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Definitions:

Socioeconomic Issues

Problems or concerns that arise from the combination of social and economic factors, impacting individuals and communities.

Sexism

Prejudice, stereotyping, or discrimination, typically against women, on the basis of sex.

Gang Involvement

Participation or association with organized groups often involved in criminal activities.

Role Expectations

Socially defined behaviors and norms that an individual is expected to fulfill in a given status or position.