Which of the Following Statements About Explicit Costs Is True

question 109

Multiple Choice

Which of the following statements about explicit costs is true?

• A)They are the only costs that matter to business owners.
• B)They usually exceed implicit costs.
• C)They are difficult to measure.
• D)They appear on the firm's balance sheet.

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Definitions:

Selective Listening

Selective listening occurs when an individual pays attention only to information that aligns with their existing beliefs or interests, ignoring or disregarding opposing perspectives.

Listening Problem

Difficulties in accurately receiving and interpreting messages during the communication process.

Weakness

A lack or deficiency in strength, capability, or resilience in a person, system, or organization.

Cross-cultural Communication

The exchange of information and meaning across different cultures and social groups.