The Salary Foregone by a Person Who Quits a Job

question 58

Multiple Choice

The salary foregone by a person who quits a job to start a business is an example of a(n)

• A) sunk cost.
• B) opportunity cost.
• C) amortizable cost.
• D) outlay cost.

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Definitions:

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A pioneering French sociologist known for his foundational contributions to sociology, including his studies on social cohesion and the role of religion in society.

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