From an Accounting Point of View, the Largest Single Cost

question 18

Multiple Choice

From an accounting point of view, the largest single cost of a university education for most students is:

• A)transportation, parking and entertainment
• B)tuition fees and books
• C)the wages given up to attend university
• D)room and board

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Definitions:

Effective Rate of Return

A measure of the return on an investment that accounts for the effect of compounding over a specified time period.

Contributions

Payments or services provided by individuals or organizations to a common fund or project.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that provides tax benefits.

Contributions

Payments or investments made into a scheme, plan, or project by individuals or entities.