An Example of an Explicit Cost Is

question 126

Multiple Choice

An example of an explicit cost is

• A) a payment on a loan for a computer.
• B) the savings interest lost by investing $10,000 in capital instead of saving the money.
• C) forgone wages.
• D) the opportunity cost of a $50,000 investment into a building.
• E) the amount of money one could receive for renting a company truck to another business.

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Definitions:

Success

The achievement of a goal or the attainment of wealth, position, honors, or the like.

Humanistic Insights

Perspectives and understandings that emphasize personal growth, self-acceptance, and the realization of one's potential, often associated with humanistic psychology.

Julian Rotter

A psychologist known for his development of social learning theory and the concept of locus of control.

Early Interest

Initial curiosity or attention towards a particular subject or activity that could develop into a more profound involvement or expertise.