Explicit Costs Would Include

question 10

Multiple Choice

Explicit costs would include:

• A) rent.
• B) the interest loss of the business owner on money withdrawn from his/her saving account and invested in the business.
• C) the loss of rent on a building the business owner owns and uses in his/her business.
• D) the opportunity costs of the business owner's time.

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Definitions:

Psychodynamic

A perspective in psychology that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Neo-analytic

Pertains to a school of thought in psychology that revises and expands upon Freudian and pre-Freudian psychoanalytic theories, emphasizing social and cultural factors more.

Repression

A defense mechanism where distressing thoughts, memories, or desires are excluded from the conscious mind.

Defense Mechanism

Psychological strategies employed unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.