John Has Two Hours of Free Time This Evening

question 12

Multiple Choice

John has two hours of free time this evening. He ranked his alternatives, first go to a concert, second go to a movie, third study for an economics exam, and fourth answer his email. What is the opportunity cost of attending the concert for John?

• A) Attending a movie
• B) Answering his email
• C) Studying for an economics exam
• D) Going to the concert because that is what John chose to do
• E) Attending a movie, studying for an economics exam, and answering his email

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Definitions:

Thinking Skills

The cognitive abilities that enable individuals to process information, solve problems, make decisions, and learn new concepts.

Succession Management

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or die, ensuring organizational stability and continuity.

Management Development

Programs and activities aimed at improving the skills, capabilities, and knowledge of managers and potential managers within an organization.

Flexibility

The ability to adapt to changes, challenges, and variabilities in circumstances or environment.