Economists and Accountants Both Include Forgone Income as a Cost

question 79

True/False

Economists and accountants both include forgone income as a cost to a small business owner.

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Definitions:

Cytoplasm

The watery intracellular substance that consists mostly of water, proteins, ions, and nutrients.

Myocytes

Muscle cells responsible for contraction and movement within the body, found in cardiac, skeletal, and smooth muscle tissues.

Neurotransmitters

Chemical compounds responsible for sending signals from one neuron to another across synapses in the nervous system.

Visceral Smooth Muscle

The type of smooth muscle found in the walls of internal organs such as the stomach, intestines, and blood vessels, not under conscious control.