Which of the Following Is NOT True of Opportunity Cost

question 56

Multiple Choice

Which of the following is NOT true of opportunity cost?

• A) Opportunity costs are subjective because they depend upon how the decision-maker values his or her options.
• B) Opportunity costs are only the monetary costs of lost options.
• C) Opportunity costs are the highest-valued alternative sacrificed in order to choose an option.
• D) Only the decision-maker can determine his or her opportunity costs for any particular action.

Differentiate between various types of negotiable instruments (e.g., checks, notes, drafts).

Comprehend the roles and responsibilities of parties involved in negotiable instruments.

Explain the characteristics that affect the negotiability of an instrument.

Recognize the difference between order instruments and bearer instruments.

---

Definitions:

Deficient Nourishment

A state or condition resulting from the inadequate intake or absorption of essential nutrients, leading to various health problems.

Muscular Dystrophy

A group of genetic diseases characterized by progressive weakness and loss of muscle mass.

Dystonia

A neurological movement disorder characterized by involuntary muscle contractions causing repetitive movements or abnormal postures.

Muscle Tone

The continuous and passive partial contraction of the muscles, which helps maintain posture and readiness for action.