Examlex

Solved

Which of the Following Is an Implicit Cost in Jim's

question 74

Multiple Choice

Which of the following is an implicit cost in Jim's business venture?
i.the salary Jim could have earned at another job
ii.the interest Jim must pay on the loan he incurred to help open his business
iii.the interest Jim lost when he used his savings to help open his business


Definitions:

Form Layout View

A design mode in database applications that allows users to visually modify the layout of a form without affecting the form's data logic.

Text Box

An interface element that allows users to input, display, or edit text within software applications or web forms.

Combo Box

A user interface element that allows users to select one option from a list of options or enter their own option.

Align Button

A feature in document editing and graphic design software that aligns objects or text according to specified criteria, such as left, center, or right.

Related Questions