Which of the Following Statements Is False

question 7

Multiple Choice

Which of the following statements is false?

• A)There is an opportunity cost associated with any choice made.
• B)If there is a budget constraint, there will be scarcity.
• C)A person without a budget constraint does not face opportunity costs.
• D)Opportunity costs occur because of scarce resources.
• E)Because of scarcity, choices have to be made.

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Definitions:

Worker Empowerment

The process of giving employees authority, resources, and skills to make decisions and contribute to the organization's success independently.

Entrusting Work

Delegating tasks or responsibilities to another individual or team, often with a level of confidence in their capabilities.

Delegation

The process of distributing and entrusting work to others.

Dynamic Environments

Situations or systems that are constantly changing and require adaptability and flexibility from those within them.