John Moved His Office from a Building He Was Renting

question 26

Multiple Choice

John moved his office from a building he was renting downtown to the carriage house he owns in back of his house.How will his costs change?

• A)explicit and implicit costs rise
• B)explicit costs rise; implicit costs fall
• C)explicit and implicit costs fall
• D)explicit costs fall; implicit costs rise
• E)not enough information is given

Understand the impact of workplace environment and practices on employee safety and health.

Recognize the importance of mental health and stress management in the workplace.

Identify the factors contributing to job-related stress and their consequences.

Understand the role of management and workplace policies in preventing and addressing workplace injuries and disorders.

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Definitions:

Liquid Asset

An asset that can easily and quickly be converted into cash without significantly impacting its value.

Significant Loss

A considerable reduction in the value of an investment or asset, often leading to a negative impact on financial performance.

Fixed Asset

Long-term tangible property or equipment that a firm owns and uses in its operations to generate income.

Liquidity

The convenience with which one can convert an asset into cash without influencing its market price.