What You Give Up to Obtain an Item Is Called

question 11

Multiple Choice

What you give up to obtain an item is called your

• A) opportunity cost.
• B) explicit cost.
• C) true cost.
• D) direct cost.

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Definitions:

Financial Matters

Aspects or issues related to the management, investment, and expenditure of money.

Ethical Failure

A situation where individuals or organizations do not act in alignment with established moral principles or standards, leading to negative outcomes or harm.

Poor Financial Control

Refers to inadequate management of finances, leading to inefficiencies, financial instability, or loss.

Growing Too Fast

A situation where a company or organization expands at a rate that is unsustainable, often leading to operational, financial, or quality control issues.