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    Exam 21: Rents, Profits, and the Financial Environment of Business
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    Out-Of-Pocket Expenses Such as Wages and Raw Materials Are
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Out-Of-Pocket Expenses Such as Wages and Raw Materials Are

Question 252

Question 252

Multiple Choice

Out-of-pocket expenses such as wages and raw materials are


A) direct costs.
B) an owner-provided capital cost.
C) implicit costs.
D) explicit costs.

Correct Answer:

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