Which of the Following Is an Implicit Cost of Owning

question 90

Multiple Choice

Which of the following is an implicit cost of owning a business? (i) forgone savings account interest when personal money is invested in the business
(ii) interest expense on existing business loans
(iii) damaged or lost inventory

• A) (i) only
• B) (ii) only
• C) (i) and (ii)
• D) (i), (ii) and (iii)

Identify relative pronouns and understand their use in sentences.

Understand the impact of dropping a relative clause from a sentence.

Learn how different verbs influence the assertion of propositions in noun clauses.

Recognize the role and placement of noun clauses within a sentence.

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Definitions:

Net Income

The amount of money that remains after subtracting all expenses, taxes, and costs from total revenue.

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits distributed.

Bonds Payable

Long-term liabilities representing money a company must pay back to bondholders by a specified maturity date.

Operating Activities

The primary revenue-generating activities of an organization, as opposed to investing and financing activities.