That Which We Forgo, or Give Up, When We Make

question 82

Multiple Choice

That which we forgo, or give up, when we make a choice or decision is called

• A) out-of-pocket cost.
• B) marginal cost.
• C) real cost.
• D) opportunity cost.

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Definitions:

Buffer

A temporary storage area that holds data while it's being transferred or processed to compensate for differences in processing rate.

Bottom-Line-Last Messages

Communication approach where the main point or conclusion is saved for the end of the message.

Cultural Differences

Variations in the norms, values, beliefs, and practices among people from different backgrounds or societies.

Negative Message

Communication that conveys disappointing, discouraging, or unfavorable information.