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The opportunity cost of obtaining human capital is: the direct cost of books, supplies, and tuition fees. the income foregone while acquiring it. the estimate of the increase in salary that results from the acquisition of skills. Higher the greater the discount rate

The opportunity cost of obtaining human capital is: the direct cost of books, supplies, and tuition fees. the income foregone while acquiring it. the estimate of the increase in salary that results from the acquisition of skills. Higher the greater the discount rate

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The opportunity cost of obtaining human capital is: the direct cost of books, supplies, and tuition fees. the income foregone while acquiring it. the estimate of the increase in salary that results from the acquisition of skills. Higher the greater the discount rate
Transcribed Image Text:The opportunity cost of obtaining human capital is: the direct cost of books, supplies, and tuition fees. the income foregone while acquiring it. the estimate of the increase in salary that results from the acquisition of skills. Higher the greater the discount rate
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