If It Takes You an Hour to Make a Rational

question 35

Multiple Choice

If it takes you an hour to make a rational decision and the opportunity cost of that hour is $100, you will:

• A) always make rational decisions.
• B) make rational decisions only if the benefit from doing so exceeds $100.
• C) make rational decisions only if the benefit from doing so is less than $100.
• D) never make rational decisions.

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Definitions:

Security Officer

A person employed to protect property, assets, or people, often by maintaining a high visibility presence to deter illegal and inappropriate actions.

Privacy Officer

The person designated by a health care organization, whether hospital system or private practice, who handles and oversees the maintenance of protected health information.

Gross Pay

The total amount of money earned by an employee before any deductions or taxes are taken out.

Paycheck

A document issued by an employer to an employee for rendered services, representing wages or salary.