An example of a personal opportunity cost would be:
A) interest lost by using savings to make a purchase.
B) higher earnings on savings that must be kept on deposit a minimum of six months.
C) lost wages due to continuing as a full-time student.
D) time comparing several brands of personal computers.
E) having to pay a tax penalty due to not having enough withheld from your monthly salary.
Correct Answer:
Verified
Q42: If a person deposited $75 a month
Q43: The amount of interest is determined by
Q44: The uncertainty associated with every decision is
Q45: If inflation is increasing at 4 percent
Q46: The time value of money refers to:
A)opportunity
Q48: Which of the following is an example
Q49: William Davis has a goal of "saving
Q50: As Olivia Wilson plans to set aside
Q51: Future value calculations involve:
A)discounting.
B)add-on interest.
C)compounding.
D)simple interest.
E)an annuity.
Q52: _ goals relate to personal relationships,health,and education.
A)Durable-product
B)Short-term
C)Consumable-product
D)Intangible-purchase
E)Intermediate
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