An Explicit Cost for a Business That Manufactures Bicycles Would

question 131

Multiple Choice

An explicit cost for a business that manufactures bicycles would be the

• A) value of the products that the firm's employees could produce at another company.
• B) salary that the owner of the business could earn elsewhere.
• C) goods and services provided by the government with the taxes the firm pays.
• D) wages paid to employees.
• E) various products that could be made with the steel used to make bicycles.

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Definitions:

Stages Of Socialization

The phases individuals go through as they learn to navigate and adapt to the social norms, values, and expectations of a particular group or society.

Socialization

The process by which individuals learn and adapt to the norms, values, behaviors, and social skills appropriate to their society or social group.

Kinds Of Fit

The compatibility between different elements, such as an individual's values and the culture of an organization, or between a person's skills and job requirements.

Socialization

encompasses the process by which individuals learn the norms, values, and required behaviors of a society or specific group.