All of the Following Would Be Considered Explicit Costs of Operating

question 140

Multiple Choice

All of the following would be considered explicit costs of operating a business except

• A)utility expenses.
• B)the cost of raw materials used in production.
• C)the rental value of equipment the company owns and uses for its own production.
• D)advertising expenses.

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Definitions:

Demographic Transition

The transformation of a population from high birth and death rates to low birth and death rates, typically associated with industrial and economic development.

Birthrates

The annual count of live births for every thousand people in a population.

Death Rates

The number of deaths in a particular population, scaled to the size of that population, per unit of time.

Demographic Characteristics

The statistical aspects of a population being analyzed or reviewed, such as age, sex, income, education level, and marital status.