Which One of the Following Is the Best Example of a Personal

question 42

Multiple Choice

Which one of the following is the best example of a personal opportunity cost associated with a consumer purchase?

• A)enjoyment derived from owning an item
• B)discount received for paying cash
• C)money spent by stores on advertising
• D)time spent comparing prices
• E)efforts by the government to prevent consumer fraud

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Definitions:

Trademarks

Symbols, names, or phrases legally registered or established by use as representing a company or product.

Tangible Assets

Assets that have a physical form such as machinery, buildings, and land.

Intangible Assets

Assets that have special rights but not physical substance

Physical Substance

A characteristic of an asset that consists of material existence; tangible assets that can be seen, touched, or quantified.