Which of the Following Is NOT an Example of Explicit

question 97

Multiple Choice

Which of the following is NOT an example of explicit costs?

• A)Wages paid to workers
• B)Personal savings of the owner invested in the firm
• C)Salaries paid to management
• D)Office space rent

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Definitions:

Mandatory Benefit

An employee benefit, such as social security or workers' compensation, that is required by law.

Canada Pension Plan

A government-run retirement pension plan in Canada that provides contributors and their families with partial replacement of earnings in the case of retirement, disability, or death.

Employment Insurance

A government program that provides temporary financial assistance to unemployed workers who meet certain eligibility criteria.

Employee Participation

The involvement of employees in decision-making processes within the organization, often resulting in better outcomes and increased commitment.