The Opportunity Cost of Working Rather Than Going to School

question 44

Multiple Choice

The opportunity cost of working rather than going to school is

• A) the cost of food and housing.
• B) the cost of clothing and transportation.
• C) zero because the person is earning an income by working.
• D) the higher wages that come with additional education.
• E) the annual wages earned by working.

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Definitions:

Human Resource Management

A methodical plan for the efficient management of personnel within a company or organization aimed at achieving a competitive edge in the business.

Acquisition

The process by which one company purchases most or all of another company's shares to gain control of that company.

Organizational Success

The achievement of the goals and objectives set by an organization, often measured by financial performance, market share, or the realization of its strategic aims.

People-centered Practices

Organizational strategies and policies that emphasize the importance of human resources, employee well-being, and fostering a positive work environment.