Fred and Ann Are Both Given Free Tickets to See

question 410

Multiple Choice

Fred and Ann are both given free tickets to see a movie. Both decide to see the same movie. We know that

• A) the opportunity cost of seeing the movie is zero because the tickets were free.
• B) both bear the same opportunity cost of seeing the movie because they are doing the same thing.
• C) both bear an opportunity cost of seeing the movie because they could have done other things instead of seeing the movie.
• D) it is not possible to calculate the opportunity cost of seeing the movie because the tickets were free.

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Definitions:

Political Intelligence

The ability to understand and navigate the informal socio-political dynamics within organizations, enabling individuals to effectively influence, persuade, and achieve objectives.

Social Intelligence

The ability to understand and manage interpersonal relationships effectively, read the social environment, and react accordingly.

Henry Mintzberg

A renowned academic and author known for his contributions to business and management theory, especially in the areas of organizational strategy and structure.

Informational

Pertaining to the delivery or relay of information, often aimed at increasing knowledge or awareness on specific topics.