Which of the Following Is an Implicit Cost of a College

question 41

Multiple Choice

Which of the following is an implicit cost of a college education?

• A)The cost of tuition
• B)The cost of foregone earnings
• C)The cost of housing and dining at a dorm
• D)The cost of commuting to college and back

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Definitions:

Adjustment Necessary

A modification or change required to correct or update financial records and statements to accurately reflect the financial status of an entity.

Equity Income

Refers to the income generated by an investor's share of profits from an equity investment, such as stocks or ownership interests in companies.

Fair Value

The obtainable price for liquidating an asset or the charge to shift a liability in a planned engagement with market operatives at the time of determining value.