Which of the Following Would Be an Example of an Implicit

question 540

Multiple Choice

Which of the following would be an example of an implicit cost?
(i) forgone investment opportunities
(ii) wages of workers
(iii) raw materials costs

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

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Definitions:

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International business strategies are plans developed by companies to operate and compete in global markets, taking into account different cultural, legal, and economic environments.

Expatriate Manager

A manager who is temporarily assigned to work in a country that is not their native country, to manage operations or a project abroad.

Foreign Assignment

A job or project that involves working in a country different from one's home country, often for an extended period.

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Skills that enable individuals to adjust to changes and new conditions in their work environment efficiently.