An Example of an Explicit Cost Is

question 16

Multiple Choice

An example of an explicit cost is:

• A) a payment on a loan for a computer.
• B) the savings interest lost by investing $10,000 in capital instead of saving the money.
• C) forgone wages.
• D) the opportunity cost of a $50,000 investment into a building.
• E) the amount of money you could receive for renting a company truck to another business.

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Definitions:

Quantitative Skills

The ability to handle and analyze numerical data effectively.

Defamation

A false communication, either spoken (slander) or written (libel), that injures someone's reputation by lowering them in the estimation of the community.

Misrepresentation

The act of giving a false or misleading statement about a material fact, with the intent to deceive or mislead.

Observable Behaviors

Actions or reactions of an individual in various situations, that are visible and can be measured or recorded.