Intangible Costs Include Which of the Following

question 108

Multiple Choice

Intangible costs include which of the following?

• A)quality of prospective employees
• B)quality of education
• C)availability of public transportation
• D)all of the above
• E)none of the above

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Definitions:

Substitution Effect

The change in quantity demanded of a good that results from a change in price, making the good more or less costly relative to other goods.

Retirement Period

The phase in an individual's life post their active working years, during which they are typically supported by savings, pensions, or social security.

Work Period

The duration of time during which an individual is actively engaged in their job or tasks assigned by an employer.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.