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Which of the Following Is an Implicit Cost of Owning

Question 156

Multiple Choice

Which of the following is an implicit cost of owning a business?
(i) forgone savings account interest when personal money is invested in the business
(ii) interest expense on existing business loans
(iii) foregone rental income when using an owner-occupied office


A) (i) only
B) (ii) only
C) (ii) and (iii)
D) (i) and (iii)

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