Opportunity Cost Is the

question 139

Multiple Choice

Opportunity cost is the

• A)cost incurred when one fails to take advantage of an opportunity.
• B)cost incurred in order to increase the availability of attractive opportunities.
• C)cost of the best option forgone as a result of choosing an alternative.
• D)drudgery of the undesirable aspects of an option.

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Definitions:

Gift Agreement

A legal contract between a donor and a recipient, often an organization, outlining the conditions under which a donation is made, including the purpose and manner of its use.

Gift Standards Charter

A document outlining the principles, ethics, and standards governing the acceptance, management, and acknowledgment of gifts in an organization.

Special Gift

A unique or exceptional item or talent given from one individual to another or recognized within oneself.

Nonrecurring Need

A requirement or demand that arises infrequently or on a one-time basis, distinct from ongoing or regular needs.