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Which of the following would be categorised as an opportunity cost?
a.not being able to spend your $10 000 savings if you sink the money into your business
b.the cost of purchasing supplies for your house-cleaning business
c.the cost of purchasing auto insurance for your dry-cleaning delivery business
Personal Liability
The legal responsibility of an individual to repay debt or answer for other obligations out of their personal assets, not just the assets of their business or investment.
Network Density
The measure of how closely knit a network is, indicating the extent of connections or interactions among its members.
Tax Shelters
Legal strategies used to minimize or decrease one's taxable income, thereby reducing the tax liability.
Sarbanes-Oxley Act
A United States federal law established in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.
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