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After reading a small amount of material in her textbook,Juanita pauses and rehearses what she has just read and tries to mentally answer the question,"What is the main idea here?" Juanita also jots down brief notes on what she has just read.Juanita is engaged in which of the six steps of the SQ4R method?
Monetary Cost
The amount of money that must be paid or spent to acquire goods, services, or assets.
Implicit Cost
The opportunity costs that arise from using assets, resources, or funds in specific ways rather than the next best alternative.
Capital
The total value of assets owned by an individual or firm—physical assets plus financial assets.
Opportunity Cost
The cost of the next best alternative foregone as the result of making a decision.
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