If Talium Services Inc

question 77

Multiple Choice

If Talium Services Inc.does not use one of its limited resources in the best possible way,the lost contribution to income could be called a(n) ________.

• A) business function cost
• B) carrying cost
• C) opportunity cost
• D) sunk cost

---

Definitions:

Section 12(A)(2)

A provision under the Securities Act of 1933 that imposes liability on sellers for making false or misleading statements in the sale of securities.

Securities Act of 1933

A U.S. federal law, also known as the "truth in securities" law, which requires that investors receive financial and other significant information concerning securities being offered for public sale.

Qualified Opinions

In the context of auditing, these are statements made by an auditor expressing certain reservations about the financial health or the bookkeeping practices of a firm while generally certifying the financial statements as accurate.

Disclaimers of Opinions

Statements that limit or reject responsibility for the accuracy or completeness of information, often used in legal documents and reports.