Multiple Choice
A severe cyclone causes substantial damage to a brick manufacturing company's production equipment. As a result, the company spends a sum of $25,000 to repair the equipment. Given this information, the sum of $25,000 that the company spends is its _____.
A) explicit cost
B) implicit cost
C) indirect cost
D) direct cost
Correct Answer:
Verified
Correct Answer:
Verified
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