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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


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 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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