Johnny Has Worked as a CPA for Five Years and Wants

question 96

Multiple Choice

Johnny has worked as a CPA for five years and wants to open his own public accounting practice.The cost of his college degree in accounting represents

• A) the opportunity cost of this endeavor.
• B) a sunk cost.
• C) an expense.
• D) a variable cost.

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Definitions:

Sac Fungi

A division of fungi, also known as Ascomycota, characterized by the production of spores in special sacs called asci.

Zygote Fungi

Fungi that form a thick-walled zygospore during sexual reproduction.

Single Cells

Organisms or units of life that consist of only one cell, capable of performing all necessary life functions independently.

Yeast

A group of unicellular fungi that are important in the fermentation process and as model organisms in biological research.