Stephanie Has Only One Hour to Study for an Exam

question 62

Multiple Choice

Stephanie has only one hour to study for an exam in math or to complete an assignment in economics. For Stephanie, the opportunity cost of spending the hour completing the economics assignment is

• A)a lower grade in the math exam.
• B)a higher grade in the math exam.
• C)a lower grade in both the math exam and the economics assignment.
• D)a higher grade in both the math exam and the economics assignment.
• E)none because history and economics are unrelated.

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Definitions:

Job Security

The probability that an individual will keep their job; a secure job has a low risk of being lost.

Employee Attitudes

The beliefs and feelings employees have about their job, role, and organization, which can significantly affect their job performance and satisfaction.

Human Capital Component

Refers to the economic value of an employee's skill set, including education, training, and experience.