An Explicit Cost Is Defined as

question 297

Multiple Choice

An explicit cost is defined as

• A)a cost that does not change as output changes.
• B)a nonmonetary opportunity cost.
• C)a cost that involves spending money.
• D)a nonmonetary accounting cost.

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Definitions:

Positive Alternatives

Favorable or beneficial options presented in place of less desirable ones, often used in problem-solving or decision-making processes.

Reasons For Decisions

The rationale or underlying factors that lead to a particular choice or judgment being made.

Apologize

Expressing regret or asking for forgiveness for an action or statement.

Negative Message

Communication that conveys a refusal, denial, or unwelcome news to the receiver.