The Opportunity Cost to You of an Action Is

question 54

Multiple Choice

The opportunity cost to you of an action is

• A)how much you must pay for the opportunity to take the action.
• B)the value to you of the next best action you could have taken.
• C)the cost to society of giving you the opportunity to take the action.
• D)the dollar cost to you of the action.

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Definitions:

Mentoring

Mentoring is a personal developmental relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person.

On-the-Job

Training or learning that takes place within the actual work environment, allowing employees to gain job-specific skills while working.

Basic

Referring to the fundamental or foundational elements of a subject or discipline, often essential for understanding more advanced concepts.

Psychosocial Support

Assistance provided to individuals to cope with stress, emotional and social challenges, aiming to improve their mental health and well-being.