Which of the Following Would Be an Example of an Implicit

question 126

Multiple Choice

Which of the following would be an example of an implicit cost? i) forgone investment opportunities
Ii) wages of workers
Iii) raw materials costs

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

---

Definitions:

Collection Float

The interval between the deposit of a check and the availability of the funds in the beneficiary's account.

Cheques

Written orders to banks to pay a specific amount of money from the writer's bank account to the person or entity named on the cheque.

Daily Interest Rate

Daily Interest Rate refers to the percentage of interest that is calculated on a daily basis for financial products like loans or savings accounts.

Cheques

Documents that are written, dated, and signed, instructing a bank to pay a particular amount of money either to the holder or to an individual named in the document.