Which of the Following Is an Example of an Implicit

question 80

Multiple Choice

Which of the following is an example of an implicit cost a firm might incur?

• A)the out-of-pocket expense to hire resources
• B)taxes owed to the state and Federal governments
• C)the rental value of the office space the company owns and uses for itself
• D)the revenue a firm generates in using its resources

---

Definitions:

Actual Scan Time

The real time taken for a PLC to complete one cycle of reading inputs, executing the program, and updating outputs.

PLC's Memory

The storage area in a Programmable Logic Controller where data, instructions, and system information are kept for processing and control tasks.

END Instruction

A programming command that specifies the end of a block of code or the conclusion of a program's logic sequence.

User Program

A software application or set of instructions created by a user or developer to perform specific tasks on a computer or device.