Which of the Following Is an Example of an Implicit

question 345

Multiple Choice

Which of the following is an example of an implicit cost? i) the owner of a firm forgoing an opportunity to earn a large salary working for a Wall Street brokerage firm
Ii) interest paid on the firm's debt
Iii) rent paid by the firm to lease office space

• A) ii) and iii) only
• B) i) and iii) only
• C) i) only
• D) iii) only

Describe the differences between the direct and indirect approaches in negative messages.

Understand strategies to manage and communicate bad news about transactions.

Understand the concept of a buffer in the context of negative messages and assess its ethical implications.

Evaluate the characteristics of well-composed and poorly written buffers in negative messages.

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Definitions:

Invoice

A document issued by a seller to a buyer that lists goods or services provided and the amount due.

Terms

Conditions and stipulations that are part of an agreement or contract.

Terms

Conditions and agreements under which a service, sale, or transaction is conducted.

Invoices

Documents issued by a seller to a buyer, detailing a transaction and requesting payment.