________ Is Called an Implicit Cost, While ________ Is Called

question 155

Multiple Choice

________ is called an implicit cost, while ________ is called an explicit cost.

• A)An accounting cost; an economic cost
• B)A nonmonetary opportunity cost; a cost that involves spending money
• C)A production cost; a sales cost
• D)An actual cost; a hypothetical cost

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Definitions:

Police Custody

The situation where an individual is held by the police, preventing them from leaving, typically following an arrest.

Problem-Oriented Recording

A medical documentation strategy focusing on the patient's specific problems, detailing their management and progress.

Physician's Orders

Directions given by a physician regarding the care of a patient, including medications, tests, and therapies.

Progress Notes

Chart entries made by a variety of methods and by all health care professionals involved in a client’s care for the purpose of describing a client’s problems, treatments, and progress toward desired outcomes.