Question : Which of the following is an example of a direct cost of education?
Option 1: Tuition fees
Option 2: Opportunity cost of time spent studying
Option 3: Travel expenses to the educational institution
Option 4: Textbooks and study materials
Answer (1)
11th Jan, 2024
Correct Answer: Tuition fees
Solution : The correct answer is (a) Tuition fees.
Direct costs of education refer to the expenses that directly relate to the educational program or institution. These costs are typically paid directly to the educational institution or organization offering the educational services. Examples of direct costs of education include tuition fees, registration fees, laboratory fees, and other fees specific to the educational program.
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