The Term "Opportunity Cost" Points Out That

question 245

Multiple Choice

The term "opportunity cost" points out that

• A) there may be such a thing as a free lunch.
• B) not all individuals will make the most of life's opportunities because some will fail to achieve their goals.
• C) executives do not always recognize opportunities for profit as quickly as they should.
• D) any decision regarding the use of a resource involves a costly choice.

---

Definitions:

Eibl-Eibesfeldt

Refers to Irenäus Eibl-Eibesfeldt, an ethologist known for his work in human behavior and evolutionary biology.

Aggressive Encounter

An interaction characterized by behaviors intended to harm or intimidate another individual, often driven by anger or hostility.

Courtship

The period in a relationship which precedes engagement and marriage, characterized by various social activities and efforts to win the affection of the partner.

Anthropomorphic Method

A technique in which human traits, emotions, or intentions are attributed to non-human entities, including animals and deities.