The Value of a Business Owner's Time Is an Example

question 395

Multiple Choice

The value of a business owner's time is an example of

• A)an opportunity cost.
• B)a fixed cost.
• C)an explicit cost.
• D)total revenue.

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Definitions:

Obsessive-Compulsive

A condition characterized by uncontrollable, recurring thoughts (obsessions) and behaviors (compulsions) that an individual feels the urge to repeat over and over.

Paranoid

Characterized by excessive suspicion and distrust of others without adequate justification.

Diagnosed

The identification of the nature of an illness or other problem by examination of the symptoms.

Dependent

Relying on someone or something else for support, sustenance, or aid, often used in statistics to describe a variable affected by another.