Which of the Following Best Completes the Definition of Opportunity

question 68

Multiple Choice

Which of the following best completes the definition of opportunity cost? The opportunity cost of choosing any one alternative is the

• A)market cost of the next best alternative.
• B)value of the next best alternative that is given up.
• C)the revenues that would be given up if that alternative is not chosen.
• D)value of all other alternatives combined.
• E)value of resources used to make that alternative available to the market.

---

Definitions:

Conflict Resolution

The removal of the substantial and/or emotional reasons for a conflict.

Underlying Cause

The fundamental reason or root cause that gives rise to a situation, problem, or symptom, often hidden or not immediately apparent.

Latent

Present but not currently active or visible; existing as potential.

Constructive Conflict

A type of conflict that is considered positive, as it is aimed at solving problems and leads to productive solutions, enhancing overall team performance.