Which of the Following Is an Example of an Implicit

question 327

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

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Definitions:

Person-Centered Approach

A psychological approach developed by Carl Rogers that emphasizes the importance of the individual's personal experience and the belief in the innate tendency toward growth and development.

Therapist

A professional trained to provide psychological guidance and support to individuals dealing with emotional, mental, or physical issues.

Client

In psychology and counseling, the individual who receives therapy or professional services.

Unconditional Positive Regard

An approach in various types of psychotherapy where the therapist accepts and supports the client regardless of what they say or do.