Which of the Following Is an Example of an Implicit

question 259

Multiple Choice

Which of the following is an example of an implicit cost?

• A) wages paid to employees
• B) interest paid to a bank on a building loan
• C) the cost of using capital an owner donates to the business
• D) dollars paid to a supplier for materials used in production
• E) liability insurance payments made only once a year

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Definitions:

Extensions

Additional parts or components added to enhance or expand the functionality or capability of an existing system.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.

Justin Timberlake

An American singer, songwriter, actor, and record producer, known for his contributions to pop music and roles in various films and television shows.

Classical Conditioning

An educational method where two stimuli are consistently associated, leading to a reaction initially triggered by the second stimulus but ultimately induced by the first stimulus alone.