When the Total External and Internal Costs of a Transaction

question 258

Multiple Choice

When the total external and internal costs of a transaction are taken into consideration, this is known as

• A) public costs.
• B) average total costs.
• C) social costs.
• D) marginal costs.

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Definitions:

Invoice

A document issued by a seller to a buyer, outlining the quantities and costs of goods or services provided.

EOM

End of Month, a term often used in business and finance to denote activities, reports, or payments that are due or completed at the end of each calendar month.

Settle

To resolve or conclude (a transaction or dispute), ensuring all terms are met and any necessary payments are made.

Invoice

An Invoice is a document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services.