An Opportunity Cost Is the Potential Benefit Given Up by Using

question 25

True/False

An opportunity cost is the potential benefit given up by using resources in an alternative course of action.

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Definitions:

Next Speaker

The subsequent individual scheduled to speak or present in a sequence of events.

Equipment

Machinery, tools, or devices necessary for the completion of a task.

Problem/Causes/Solution Pattern

A method of organizing information in communication that identifies issues, their reasons, and proposed fixes.

Symptoms

Signs or indications of the existence of a problem, illness, or specific condition.