Which of the Following Constitutes an Implicit Cost to the Johnston

question 184

Multiple Choice

Which of the following constitutes an implicit cost to the Johnston Manufacturing Company?

• A)payments of wages to its office workers
• B)rent paid for the use of equipment owned by the Schultz Machinery Company
• C)use of savings to pay operating expenses instead of generating interest income
• D)economic profits resulting from current production

---

Definitions:

Rabbi Earl Grollman

An author and rabbi recognized for his significant work and contributions to the understanding and support of individuals experiencing grief and bereavement.

Gatekeeper

An individual or entity that controls access to something, such as information or resources, often acting as a barrier to entry or exit.

Itemization

A method of pricing a funeral in which every item of service, facility, and transportation is listed with its related cost. This is the method mandated by the Federal Trade Commission.

Funeral Costs

The expenses associated with conducting a funeral service, including but not limited to, the casket, service fees, burial or cremation, and other associated costs.