All of the Following Are Examples of Explicit Cost a Firm

question 227

Multiple Choice

All of the following are examples of explicit cost a firm might incur except

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

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Definitions:

Cohort

A group of individuals sharing a specific characteristic, typically defined by age, who are studied over a period of time.

Variables

Elements or factors that can change and affect the outcome of scientific experiments or research studies, allowing researchers to determine effects and correlations.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.

Prejudice

A negative feeling toward an individual based solely on his or her membership in a particular group.