By Choosing to Go into Business for Himself,Jim Lazar Foregoes

question 20

Multiple Choice

By choosing to go into business for himself,Jim Lazar foregoes the possibility of getting a highly paid job with a large company.This is called a(n) :

• A)Sunk cost.
• B)Out-of-pocket cost.
• C)Opportunity cost.
• D)Joint cost.

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Definitions:

Fraud Case

A legal or regulatory proceeding involving allegations of dishonest practices, such as embezzlement or deceit for personal or financial gain.

Ethics Codes

A set of guidelines designed to help professionals conduct business honestly and with integrity.

Employee Misconduct

Any action taken by an employee that is deemed inappropriate or unethical according to company policies or societal norms.

Social Programs

Public or private initiatives designed to improve communities' welfare by addressing social issues such as healthcare, education, and income support.