Which one of the following is not generally a transactions cost?
A)the fee to a broker for buying stocks
B)the cost of a lawyer who drafts a contract
C)the cost of hiring someone to find you a supplier of raw materials
D)the cost of the owner's time in a sole proprietorship
E)the cost of phone calls made to find a buyer

Question

Quizplus · Accepted Answer

The cost of the owner's time in a sole proprietorship is not generally considered a transactions cost because it is an implicit cost and not a monetary expense. Transactions costs typically refer to explicit monetary expenses incurred in the process of conducting business transactions.

Which One of the Following Is Not Generally a Transactions