Alec Is an American Working for a Software Company in Texas.He

question 7

Multiple Choice

Alec is an American working for a software company in Texas.He has been assigned to work on a project in China for a year.He would be considered as a(n) ________ in China.

• A)domicile resident
• B)expatriate
• C)host-country national
• D)third-country national

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Definitions:

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, not involving direct monetary payment.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting an activity or business operation.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the financial gain in an economic activity.

Accountant

A professional who is responsible for keeping and interpreting financial records, ensuring accuracy and compliance with laws.