If Jim Starts a Landscape Business and Uses a Truck

question 13

Multiple Choice

If Jim starts a landscape business and uses a truck and a tractor that he owns to perform landscaping projects,we can conclude that

• A)The costs of the truck and the tractor are low
• B)That the costs of the truck and the tractor are explicit costs
• C)There is no cost to the business since he owns both the truck and the tractor
• D)That the costs associated with both the truck and the tractor are implicit costs
• E)He should ask his accountant how to handle the costs

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Definitions:

Sympathetic Nervous System

The division of the autonomic nervous system that arouses the body, mobilizing its energy.

Sleepwalking

A sleep disorder causing people to get up and walk while remaining in a state of sleep, often with no memory of the activity.

N1 Sleep

The initial stage of sleep in the sleep cycle, characterized by light sleep where one can be easily awakened.

N2 Sleep

A stage of sleep characterized by the presence of sleep spindles and K-complexes, representing a deeper sleep phase than N1 and preceding the deeper N3 stage of non-REM sleep.