It Is Inappropriate to Assume That Accounting Costs Are Equal

question 68

Multiple Choice

It is inappropriate to assume that accounting costs are equal to total costs of a particular item or activity because

• A) accounting costs do not necessarily include the forgone benefits of the next-best alternative.
• B) total costs are expressed only in monetary terms.
• C) accounting costs include opportunity costs.
• D) accounting costs overstate the tradeoffs involved.
• E) total costs do not include direct, out-of-pocket expenses.

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Definitions:

Sexual Conversion Therapy

A controversial and widely discredited psychotherapeutic or religious practice aiming to change a person’s sexual orientation from homosexual or bisexual to heterosexual.

Aversive Fantasy Techniques

Psychological strategies where individuals imagine unpleasant outcomes to discourage certain behaviors or thoughts.

Internalized Homophobia

The involuntary belief, adoption, and application of homophobic attitudes towards oneself.

LGBT Population

Individuals who identify as lesbian, gay, bisexual, or transgender, often examined in research and social policy for their unique health and sociocultural experiences.