Which of the Following Is Best Defined as a Consciously

question 132

Multiple Choice

Which of the following is best defined as a consciously coordinated social unit, composed of two or more people, which functions on a relatively continuous basis to achieve a common goal or set of goals?

• A) team
• B) party
• C) community
• D) organization
• E) unit

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Definitions:

Opportunity Costs

The cost of foregoing the next best alternative when making a decision or choosing one option over another.

Opportunity Cost

The financial consequence of rejecting the subsequent optimal choice when deciding.

TV Commercials

Short segments on television intended to persuade viewers to buy products or services.

Investment

The purchase of goods that are not consumed today but are used in the future to create wealth.