The _____ Has the Responsibility of Defining "Any Qualifying Exigency

question 15

Multiple Choice

The _____ has the responsibility of defining "any qualifying exigency" arising out of the fact that a family member is on active duty in support of a contingency operation.

• A) Department of Justice
• B) Department of Labor
• C) Department of Interior
• D) Department of Defense
• E) Department of State

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Definitions:

Economic Profit

Economic profit is the difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing the excess over the firm's opportunity costs.

Implicit Costs

The firm’s opportunity costs of using resources owned or provided by the owner.

Explicit Costs

Dollar costs incurred by business firms, such as wages, rent, and interest.

Implicit Costs

The opportunity costs that are not directly incurred but represent the loss of alternative benefits when choosing one option over another.